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.