ASML - And Why ASML is Too Risky At These Levels
ASML stock is one of the manufacturers of equipment for chipmakers - and has been on fire with the AI surge. In this earnings preview, I show why there is significant downside risk
ASML is about to release its earnings for the latest quarter on the 17th of this month. Expectations are for a decline in EPS to $2.85 - annualized to $21.00 per share for 2024. The stock is trading at nearly 50x its 2024 EPS future projections. The entire industry is frothy and over priced. Next week’s financial release may be the start of a reality check in ASML stock if there is any kind of miss.
Keep reading with a 7-day free trial
Subscribe to D. H. Taylor Analysis to keep reading this post and get 7 days of free access to the full post archives.