ASML Holding N.V. is gearing up to release its fourth-quarter 2023 financial results on Jan 24.
The company expects revenues between €6.7 billion and €7.1 billion for the fourth quarter. The Zacks Consensus Estimate is $7.34 billion, reflecting an 11.8% year-over-year increase.
Furthermore, the Zacks Consensus Estimate for fourth-quarter earnings is $5.12 per share, signaling an 8.9% growth from the year-ago quarter.
Notably, the earnings estimate has been revised upward by 0.8% over the past 30 days.
ASML Holding N.V. Price and EPS Surprise
The upcoming fourth-quarter results are anticipated to reflect ASML Holding’s robust portfolio strength, expanding position in the memory market, and increasing design wins. The company is well-positioned to benefit from the growing adoption of advanced nodes to support the digital infrastructure’s evolution, driven by technologies such as 5G, AI, and high-performance computing solutions.
The company’s investments in Extreme Ultraviolet (EUV) infrastructure are likely to have a positive impact on its performance. Additionally, the service and application businesses are expected to have contributed to the fourth-quarter revenues.
However, macroeconomic uncertainties, including inflationary pressure and geopolitical tensions, might have posed challenges during the quarter. Moreover, sluggish demand in the consumer end market and weakness in Installed Base Management could have been concerns for the company.
Our Model’s Prediction
Our model foresees an earnings beat for ASML Holding this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the likelihood of an earnings beat.
ASML Holding currently holds an Earnings ESP of +3.32%. The company also carries a Zacks Rank #2 at present.
Other Stocks to Consider
In addition to ASML Holding, there are other stocks that might also post an earnings beat in their forthcoming quarterly results.
Apple (AAPL) has an Earnings ESP of +2.13% and a Zacks Rank #2 at present. The company is scheduled to release first-quarter fiscal 2024 results on Feb 1, with the Zacks Consensus Estimate for its earnings indicating a substantial jump from the prior-year quarter.
A. O. Smith (AOS) and Alphabet (GOOGL) also carry promising Earnings ESP and Zacks Rank at present and are slated to report their financial results on Jan 30.
Stay updated on upcoming earnings announcements with the Zacks Earnings Calendar.
It’s essential to keep an eye on market movements and be prepared for potential financial fluctuations. As the quarterly results near, investors are eager to gain insights and make informed decisions based on the earnings reports.
