Posted 3/27/2024, 9:45:20 PM
ASML Stock Up Slightly Ahead of Q1 Earnings Release, Though Significant Revenue and EPS Drops Expected
- ASML (ASML) stock rose 0.28% on Tuesday, lagging behind broader market gains
- ASML is scheduled to report earnings on April 17, 2024, with projections of a 46.33% EPS decline and 20.88% revenue drop year-over-year
- Analysts have recently revised ASML's earnings estimates slightly upwards, signaling improved business outlook
- ASML currently holds a Zacks Rank of #3 (Hold) and trades at a premium forward P/E ratio of 47.43
- The Semiconductor Equipment - Wafer Fabrication industry ranks in the top 37% of Zacks Industries, with ASML a component of the group