ASML (ASML) closed at $ 854.73 on the last trading session, marking a movement of + 1.66% from the previous day. This move exceeded the 0.08% daily loss of the S&P 500.
Prior to today, shares of the equipment supplier of semiconductor manufacturers had gained 3.59% over the past month, beating the IT and tech sector’s loss of 0.11% and the S&P 500’s loss of 1.81% during this period.
ASML will look to show some strength as it approaches its next earnings release, which is expected to be October 20, 2021. On that day, ASML is expected to report earnings of $ 4.67 per share, which would represent growth. year-on-year by 57.77%.
For the full year, our Zacks consensus estimates project earnings of $ 16.08 per share and revenue of $ 22.27 billion, which would represent changes of 65.94% and 38.75%, respectively, over the previous year.
Investors might also notice recent changes in analyst estimates for ASML. These revisions generally reflect the latest short-term business trends, which can change frequently. Thus, the positive estimate revisions reflect the optimism of analysts about the business and profitability of the company.
Our research shows that these changes in estimate are directly correlated with short-term stock prices. Investors can take advantage of this by using the Zacks ranking. This model takes into account these changes in estimate and provides a simple and workable scoring system.
Zacks’ ranking system ranges from # 1 (strong buy) to # 5 (strong sell). It has a remarkable track record of success, externally audited, with # 1 stocks generating an average annual return of + 25% since 1988. Over the past 30 days, our consensus EPS forecast has increased by 0.21 %. ASML currently has a Zacks rank of # 3 (Hold).
Digging into the valuation, ASML currently has a forward P / E ratio of 52.3. For comparison, his industry has an average forward P / E of 19.11, which means ASML is trading at a premium to the group.
It should also be noted that ASML currently has a PEG ratio of 1.57. This popular metric is similar to the well-known P / E ratio, except that the PEG ratio also takes into account the expected rate of earnings growth of the company. The Semiconductor Equipment – Wafer Manufacturing industry currently had an average PEG ratio of 1.04 at yesterday’s close.
The Semiconductor Equipment – Wafer Manufacturing industry belongs to the Computer and Technology sector. This group has a Zacks Industry Rank of 211, which places it in the lowest 17% of all 250+ industries.
The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock market metrics and more on Zacks.com.
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