ASML Earnings: What to Watch on April 20

Tiger Newspress2022-04-12

ASML Holding (NASDAQ: ASML)is slated to report its 2022 first-quarter results before the market open on Wednesday, April 20. 

Latest Results

ASML wrapped up Fiscal 2021 on a great note, delivering excellent growth year-over-year.

In Q4, revenues came in at $5.4 billion, resulting in Fiscal 2021 revenues of $20.2 billion. This suggests year-over-year growth of 24.1%.

ASML also reported net bookings of $7.7 billion, suggesting a robust short-term outlook.

ASML Q1 Guidance

ASML expects Q1 2022 net sales between $3.5 billion and $3.8 billion and a gross margin of around 49%.

The lower net sales guidance for the first quarter is due to a significant number of fast shipments, translating to approximately $2.17 billion of expected revenue shift from the first quarter to subsequent quarters. 

ASML expects 2022 net sales to grow around 20% compared to 2021.

Analyst Opinions:

According to Zacks, ASML is expected to report EPS of $1.89, down 51.04% from the prior-year quarter. The most recent consensus estimate is calling for quarterly revenue of $3.91 billion, down 25.72% from the year-ago period.

ASML's full-year Zacks Consensus Estimates are calling for earnings of $19.22 per share and revenue of $23.93 billion. These results would represent year-over-year changes of +17.2% and +8.84%, respectively.

Digging into valuation, ASML currently has a Forward P/E ratio of 34.75. For comparison, its industry has an average Forward P/E of 16.49, which means ASML is trading at a premium to the group.

Also, we should mention that ASML has a PEG ratio of 2.09. 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.

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Comments

  • JeremyKok
    2022-04-19
    JeremyKok
    ASML is a good stock to buy and hold while there's a chip shortage. Do your own due diligence before you invest.
  • KJ11
    2022-04-18
    KJ11
    Ok
  • fcloi
    2022-04-13
    fcloi
    Nice 👍
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