Where Will ASML Stock Be in 1 Year?
ASML's (NASDAQ: ASML) stock price dropped 4% on Oct. 18 after the Dutch semiconductor equipment maker posted its third-quarter earnings report. Its revenue rose 15% year over year to 6.67 billion euros ($7.03 billion), its gross margin expanded by 10 basis points to 51.9%, and its EPS grew 12% to 4.81 euros ($5.07).
For the full year, ASML expects its revenue to rise nearly 30% with a "slight improvement" in its gross margin. Analysts expect its revenue and EPS to rise 28% and 38%, respectively, which would represent an acceleration from its 14% revenue growth and 2% EPS decline in 2022. Those near-term forecasts seem bright, but they were overshadowed by a grim outlook for flat sales growth in 2024. Let's see how that slowdown might impact ASML's stock price over the next 12 months.
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Source Fool.com
