ASML (ASML) Increases Despite Market Slip: Here's What You Need to Know

The latest trading session saw ASML (ASML) ending at $690.21, denoting a +1.04% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 0.76% for the day. Elsewhere, the Dow lost 1.14%, while the tech-heavy Nasdaq lost 0.18%.Prior to today's trading, shares of the equipment supplier to semiconductor makers had lost 8.19% over the past month. This has was narrower than the Computer and Technology sector's loss of 11.69% and lagged the S&P 500's loss of 7.29% in that time.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 $6.02 per share. This would mark year-over-year growth of 78.11%. 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.In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $25.17 per share and a revenue of $34.34 billion, indicating changes of +20.89% and +12.41%, respectively, from the former year.Investors should also pay attention to any latest changes in analyst estimates for ASML. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, ASML is carrying a Zacks Rank of #3 (Hold).Valuation is also important, so investors should note that ASML has a Forward P/E ratio of 27.14 right now. Its industry sports an average Forward P/E of 24.82, so one might conclude that ASML is trading at a premium comparatively.It's also important to note that ASML currently trades at a PEG ratio of 1.5. 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 1.21 as of yesterday's close.The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 87, positioning it in the top 35% of all 250+ industries.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.Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ASML Holding N.V. (ASML): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks