We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ASML (ASML) Flat As Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, ASML (ASML - Free Report) closed at $800.17, marking no change from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.75%. Meanwhile, the Dow gained 0.58%, and the Nasdaq, a tech-heavy index, added 1%.
The equipment supplier to semiconductor makers's stock has dropped by 9.03% in the past month, falling short of the Computer and Technology sector's gain of 2.48% and the S&P 500's gain of 4.03%.
The investment community will be paying close attention to the earnings performance of ASML in its upcoming release. In that report, analysts expect ASML to post earnings of $5.47 per share. This would mark year-over-year growth of 4.59%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.66 billion, up 5.42% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $20.38 per share and a revenue of $30.18 billion, indicating changes of -5.34% and +1.25%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ASML. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.39% rise in the Zacks Consensus EPS estimate. At present, ASML boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, ASML is currently exchanging hands at a Forward P/E ratio of 39.26. For comparison, its industry has an average Forward P/E of 25.33, which means ASML is trading at a premium to the group.
It is also worth noting that ASML currently has a PEG ratio of 1.96. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Semiconductor Equipment - Wafer Fabrication industry currently had an average PEG ratio of 2.09 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 95, this industry ranks in the top 38% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
ASML (ASML) Flat As Market Gains: What You Should Know
In the latest trading session, ASML (ASML - Free Report) closed at $800.17, marking no change from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.75%. Meanwhile, the Dow gained 0.58%, and the Nasdaq, a tech-heavy index, added 1%.
The equipment supplier to semiconductor makers's stock has dropped by 9.03% in the past month, falling short of the Computer and Technology sector's gain of 2.48% and the S&P 500's gain of 4.03%.
The investment community will be paying close attention to the earnings performance of ASML in its upcoming release. In that report, analysts expect ASML to post earnings of $5.47 per share. This would mark year-over-year growth of 4.59%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.66 billion, up 5.42% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $20.38 per share and a revenue of $30.18 billion, indicating changes of -5.34% and +1.25%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ASML. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.39% rise in the Zacks Consensus EPS estimate. At present, ASML boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, ASML is currently exchanging hands at a Forward P/E ratio of 39.26. For comparison, its industry has an average Forward P/E of 25.33, which means ASML is trading at a premium to the group.
It is also worth noting that ASML currently has a PEG ratio of 1.96. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Semiconductor Equipment - Wafer Fabrication industry currently had an average PEG ratio of 2.09 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 95, this industry ranks in the top 38% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.