From Nasdaq:

ASML Holding NV (NASDAQ:ASML) will report fourth-quarter earnings on Jan. 24. Wall Street expects $5.27 in EPS and $7.53 billion in revenues as the company reports before market hours.

Specializing in photolithography equipment, ASML is a semiconductor production equipment (SPE) manufacturer. The company plays a crucial role in the production of integrated circuits (ICs) and other semiconductor devices.

The stock has gained just 14.60% over the past year, vastly underperforming SPE peers. Analysts see a 21% upside potential, projecting ASML to lead the group in an upward trajectory.

Optimistic projections include above-consensus estimates for ASML throughout 2024. If these materialize, ASML is positioned to be the top-performing System-on-Chip Equipment (SPE) name in 2024. ASML stock is currently trading at historical lows compared to its peers.

Analyst C.J. Muse anticipates a rebound in ASML bookings by the second quarter of 2024. He projects €30.00 in EPS in CY25, surpassing consensus estimates of €26.55.

Muse’s thesis is based on an expected increase in ASML bookings in 2Q24, supporting the growth projected for 2025. The company’s performance is projected to reverse in 2024, presenting an attractive opportunity.

ASML stock closed at €707.10 at Euronext, with its ADR trading at $778.39 at the NASDAQ at market close Tuesday. The positive outlook is based on strengthened growth projections for 2025 and a projected reversal in ASML’s performance in 2024.

ASML is expected to see a turnaround in 2024 after underperforming in 2023 due to a substantial decline in bookings throughout the year. This presents an attractive opportunity for potential investors.

Semiconductor production equipment (SPE) manufacturer ASML Holding NV is underperforming its peers but is expected to see a rebound in its stock performance in 2024, driven by increased bookings and higher EPS projections for the following year. Keep an eye on ASML as it could present an attractive investment opportunity in the near future.



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