In the latest market close, ASML (ASML) reached $662.63, with a -1.77% movement compared to the previous day. This change lagged the S&P 500's 0.55% gain on the day. Meanwhile, the Dow gained 1.01%, and the Nasdaq, a tech-heavy index, lost 0.14%.
Heading into today, shares of the equipment supplier to semiconductor makers had lost 4.87% over the past month, outpacing the Computer and Technology sector's loss of 8.88% and the S&P 500's loss of 6.22% in that time.
Analysts and investors alike will be keeping a close eye on the performance of ASML in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $6.12, marking an 81.07% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $8.08 billion, indicating a 40.65% increase compared to the same quarter of the previous year.
ASML's full-year Zacks Consensus Estimates are calling for earnings of $25.37 per share and revenue of $34.34 billion. These results would represent year-over-year changes of +21.85% and +12.41%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for ASML. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.79% upward. As of now, ASML holds a Zacks Rank of #3 (Hold).
Looking at its valuation, ASML is holding a Forward P/E ratio of 26.59. This represents a premium compared to its industry's average Forward P/E of 23.4.
Meanwhile, ASML's PEG ratio is currently 1.47. 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 1.15 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 77, finds itself in the top 31% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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ASML Holding N.V. (ASML): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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