ASML Stock Underperforms Despite Market Gains Ahead of Expected Earnings and Revenue Decline
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ASML (ASML) stock dropped 1.95% despite market gains, underperforming the S&P 500, Dow, and Nasdaq.
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ASML earnings are expected to decline 46.33% year-over-year when reported soon. Revenue is forecasted to decline 20.88%.
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For the full fiscal year, ASML earnings and revenue are projected to change -5.16% and +1.96%, respectively.
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ASML stock has a premium Forward P/E ratio of 46.61 compared to its industry average of 29.13. Its PEG ratio is 2.3.
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The Semiconductor Equipment - Wafer Fabrication industry, which ASML is part of, ranks in the top 8% of over 250 industries measured by Zacks.