For its second fiscal quarter (ending June 30), ASML Holding NV (NASDAQ: ASML) has reported a -21% decline in E.P.S. from $5.38 a year ago to $4.27 in the current quarter. Relative to the consensus estimate of $3.96, this was a premium of $0.31. For the latest four quarters through June 30, E.P.S. were $18.83 versus $20.45 for the same period a year ago — a decline of -8%.
Recent Price Action
ASML Holding NV (NASDAQ: ASML) stock suffered a major decline of -12.7% on 7/17/24. The shares closed at $932.05. Moreover, exceptionally high trading volume at 484% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -12.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ASML is expected to continue to be a major Value Builder.
ASML Holding has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. ASML Holding has a slightly negative Appreciation Score of 32 but a very high Power Rating of 96, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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