ASML (ASML) closed the most recent trading day at $436.14, moving -1.11% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.72%. At the same time, the Dow lost 1.62%, and the tech-heavy Nasdaq gained 0.09%.
Coming into today, shares of the equipment supplier to semiconductor makers had lost 18.29% in the past month. In that same time, the Computer and Technology sector lost 11.99%, while the S&P 500 lost 9.09%.
Investors will be hoping for strength from ASML as it approaches its next earnings release, which is expected to be October 19, 2022.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $13.56 per share and revenue of $20.76 billion. These totals would mark changes of -17.32% and -5.58%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for ASML. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.71% lower. ASML is currently a Zacks Rank #3 (Hold).
Investors should also note ASML's current valuation metrics, including its Forward P/E ratio of 32.53. This valuation marks a premium compared to its industry's average Forward P/E of 12.72.
It is also worth noting that ASML currently has a PEG ratio of 1.45. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Semiconductor Equipment - Wafer Fabrication industry currently had an average PEG ratio of 1.45 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 91, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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