ASML Holding N.V. (NASDAQGS:ASML) is scheduled to report Q4 earnings results Wednesday, January 22, 2020, at 7:00 CET. The conference call is scheduled for 11:00 CET with CEO Peter Wennink and CFO Roger Dassen.
The company is expected to report earnings of $3.03/share on revenue of $4.379 billion. The consensus earnings per share (EPS) of $3.03/share is based on a poll of 13 analysts and represents a growth of 42.1% over the same quarter last year when the company reported earnings of $2.13/share.
The revenue forecast of $4.379 billion based on a poll of 16 analysts implies a year-over-year (YoY) growth of 21.6%. Last year the company reported $3.6 billion in revenue for the quarter.
| Metric | Expected | Prior Year | YoY Change |
|---|---|---|---|
| Revenue | $4,378.58 | $3,600.07 | 21.6% |
| EPS | $3.03 | $2.13 | 42.1% |
Earnings Call Trends
Management has been great at managing analyst expectations historically. The company has a perfect record over the last 8 tracked quarters of exceeding earnings guidance.
What are your expectations from ASML for earnings this quarter? Let us know in the comments!
| Quarter | Expected | Reported | Surprise | Result |
|---|---|---|---|---|
| Q3, 2019 | $1.56 | $1.62 | 4.2% | Beat |
| Q2, 2019 | $1.08 | $1.28 | 18.9% | Beat |
| Q1, 2019 | $0.53 | $0.94 | 78.7% | Beat |
| Q4, 2018 | $2.04 | $2.13 | 4.5% | Beat |
| Q3, 2018 | $1.84 | $1.86 | 0.9% | Beat |
| Q2, 2018 | $1.41 | $1.60 | 13.7% | Beat |
| Q1, 2018 | $1.44 | $1.55 | 8.2% | Beat |
| Q4, 2017 | $1.26 | $1.79 | 41.9% | Beat |
In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending September 29, 2019, the stock price reacted by falling by -5.2%.
| Report Date | Price Day Prior | Price Next Day | Change % | Result |
|---|---|---|---|---|
| 2019-10-16 | $267.54 | $253.76 | -5.2% | Decline |
| 2019-07-17 | $205 | $226.65 | 10.6% | Increase |
| 2019-04-17 | $203.62 | $205.91 | 1.1% | Increase |
| 2019-01-23 | $159.50 | $168.90 | 5.9% | Increase |
Fundamentals And Technical Analysis
ASML is currently trading at $300.04/share, down -0.3% for the day. The company is trading at approximately 98.1% of its 52-week high of $305.90/share. The company’s stock price is up 18.2% since the last earnings report and down -0.5% over the previous week.
The company’s 14 Day Relative Price Index (RSI) of 63.46 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.
Source: Finbox The current share price implies a price-to-earnings (P/E) multiple of 50.6x and a forward P/E multiple of 43.9x. ASML’s current share price also implies a price-to-book (P/B) multiple of 9.4x. The following table summarizes some other key fundamental ratios:
| Metric | Value |
|---|---|
| Last Fiscal Period | FY2019.Q3 |
| Period End Date | September 29, 2019 |
| Stock Price (Current) | $300.04 |
| P/E Ratio | 50.6x |
| P/E Ratio (Fwd) | 43.9x |
| PEG Ratio | 1.1 |
| Total Debt to Capital (%) | 2.7% |
| Levered Free Cash Flow | $744.8 million |
| Enterprise Value / EBITDA | 42.8x |
Source: Finbox
Company Profile: ASML Holding N.V.
ASML Holding N.V. is a large-cap stock with a market capitalization of $126 billion and a total enterprise value of $127.3 billion. The company operates in the Information Technology sector and the Semiconductors & Semiconductor Equipment industry.
ASML Holding N.V. develops, produces, markets sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells Holistic Lithography solutions, which integrate its three categories of products, including DUV lithography, EUV lithography, and Applications.
The company offers TWINSCAN N)XT (DUV) systems for imaging wafers, which consists of systems that operate at a specific wavelength of the light source, such as i-line, krypton fluoride, and argon fluoride. It also provides TWINSCAN NXE (EUV) lithography systems, which are equipped with new EUV light source technology and new optical technology that uses reflective mirrors rather than the traditional lenses; and scanner products with applications portfolio of software and metrology and inspection products.
The company was formerly known as ASM Lithography Holding N.V. and changed its name to ASML Holding N.V. in 2001. ASML Holding N.V. was founded in 1984 and is headquartered in Veldhoven, the Netherlands.
