ASML Stock Nears New Highs As European Chip Giant Sets For Big Turnaround


Source: investors.com investors.com

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If you were to judge ASML (ASML) stock from its sales and earnings, it would be hard to believe it belongs in the IBD Big Cap 20. X FactSet data shows a mix of gains and declines in quarterly performance for the Netherlands-based chip equipment provider. That data includes a 5% decline in 2022 earnings per share. (ASML reports its results in euros.) But analysts now expect a robust 2023. The consensus estimate for first-quarter earnings is €20.06 per share, an increase of more than 30% from a forgettable 2022. Last year, the company wrestled with Chinese trade restrictions and...