What's Going On With ASML Stock Wednesday?
Portfolio Pulse from Anusuya Lahiri
ASML Holding NV reported a fiscal Q1 2024 net sales decrease of 21.6% YoY to €5.29 billion, missing consensus estimates. Net bookings also declined compared to the previous quarter and year. Despite this, ASML proposes a 5.2% dividend increase for 2023. The company's outlook for Q2 2024 and the full year remains optimistic, expecting stronger performance in the second half. ASML stock dropped 3.42% in premarket trading, but has gained over 52% in the last 12 months. Exposure to ASML can be gained through Tidal ETF Trust II The Meet Kevin Pricing Power ETF and VanEck Robotics ETF.
April 17, 2024 | 10:51 am
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NEUTRAL IMPACT
VanEck Robotics ETF, which includes ASML in its holdings, could be indirectly affected by ASML's reported Q1 2024 performance and future projections.
IBOT's inclusion of ASML means it could face indirect impacts from ASML's Q1 2024 earnings and outlook. The effect is likely moderated by the ETF's diversified portfolio.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
The Meet Kevin Pricing Power ETF, which offers exposure to ASML, may see indirect impacts from ASML's Q1 2024 performance and outlook.
Given PP ETF's exposure to ASML, the ETF might experience indirect effects from ASML's performance. However, the diversified nature of ETFs typically buffers against significant impacts from a single company's earnings report.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
ASML's Q1 2024 earnings report showed a significant sales decline and missed consensus estimates, leading to a premarket stock price drop. However, the company proposes a dividend increase and maintains an optimistic outlook for 2024.
The reported decline in sales and missed consensus estimates typically lead to negative investor sentiment in the short term, hence the premarket stock price drop. However, the dividend increase and optimistic outlook might mitigate some negative impacts.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100