Published on 16 Apr 2024 on Zacks via Yahoo Finance
What's in the Offing for ASML Holding's (ASML) Q1 Earnings?
ASML Holding N.V. ASML is slated to report first-quarter 2024 results on Apr 17.For the first quarter, the company expects revenues between €5 billion and €5.5 billion. The Zacks Consensus Estimate for the same is pegged at $5.73 billion, indicating a fall of 20.9% from the year-ago quarter’s actual.The Zacks Consensus Estimate for first-quarter earnings is pegged at $2.85 per share, which indicates a decline of 46.3% from the year-ago quarter’s reported number. The estimate has been unchanged over the past 30 days.
Factors to Consider
The impacts of ASML Holding’s portfolio strength, growing investments, expanding position in the memory market and increasing design wins are expected to get reflected in the first quarter’s results.The growing opportunities in semiconductor end markets, megatrends in the electronics industry and increasing lithography intensity are likely to have further bolstered demand for ASML’s products and services.