Outdoor LED panel of a stock graph
Markets

Earnings Season Preview: ASML Near Buy Zone With Quarterly Report Due

Outdoor LED panel of a stock graph

Shutterstock photo

ASML ( ASML ) is forming a base with a 186.47 buy point with its next quarterly EPS report set for Jan. 17. The entry is based on a second-stage cup without handle .

[ibd-display-video id=2385970 width=50 float=left autostart=true] Buying a stock just ahead of earnings involves risk since you typically don't have enough time to build a profit cushion before the latest quarterly numbers come out. Be sure to follow sound buy and sell rules to minimize your exposure.

See How IBD Helps You Make More Money In Stocks

Top and bottom line growth moved higher last quarter. Earnings were up 46%, compared to 34% in the prior report. Revenue increased from 24% to 42%.

Consensus analyst estimates call for earnings growth to be flat for the quarter, and 36% growth for the full year. Earnings estimates for the full year were recently revised higher.

The company has a 94 Composite Rating and earns the No. 6 rank among its peers in the Electronics-Semiconductor Equipment industry group. Applied Materials ( AMAT ), Entegris ( ENTG ) and Lam Research ( LRCX ) are among the top 5 highly rated stocks within the group.

Note: Dates for earnings reports are subject to change. Check the company's website for any updates.

RELATED:

Earnings Calendar, Analyst Estimates And Stocks To Watch

New Option Strategy Limits Risk Around Earnings

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

ASML LRCX ENTG AMAT

Other Topics

Stocks

Latest Markets Videos