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TSMC (TSM) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, TSMC (TSM - Free Report) closed at $115.92, marking a -1.95% move from the previous day. This change lagged the S&P 500's daily gain of 0.02%.
Coming into today, shares of the chip company had gained 5.26% in the past month. In that same time, the Computer and Technology sector gained 2.08%, while the S&P 500 gained 0.04%.
Wall Street will be looking for positivity from TSM as it approaches its next earnings report date. The company is expected to report EPS of $0.89, up 14.1% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.96 billion, up 24.83% from the year-ago period.
TSM's full-year Zacks Consensus Estimates are calling for earnings of $4.07 per share and revenue of $56.56 billion. These results would represent year-over-year changes of +20.06% and +24.29%, respectively.
Investors might also notice recent changes to analyst estimates for TSM. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. TSM is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, TSM is currently trading at a Forward P/E ratio of 29.05. Its industry sports an average Forward P/E of 29.05, so we one might conclude that TSM is trading at a no noticeable deviation comparatively.
Also, we should mention that TSM has a PEG ratio of 1.83. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Semiconductor - Circuit Foundry industry currently had an average PEG ratio of 1.83 as of yesterday's close.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 132, putting it in the bottom 49% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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TSMC (TSM) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, TSMC (TSM - Free Report) closed at $115.92, marking a -1.95% move from the previous day. This change lagged the S&P 500's daily gain of 0.02%.
Coming into today, shares of the chip company had gained 5.26% in the past month. In that same time, the Computer and Technology sector gained 2.08%, while the S&P 500 gained 0.04%.
Wall Street will be looking for positivity from TSM as it approaches its next earnings report date. The company is expected to report EPS of $0.89, up 14.1% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.96 billion, up 24.83% from the year-ago period.
TSM's full-year Zacks Consensus Estimates are calling for earnings of $4.07 per share and revenue of $56.56 billion. These results would represent year-over-year changes of +20.06% and +24.29%, respectively.
Investors might also notice recent changes to analyst estimates for TSM. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. TSM is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, TSM is currently trading at a Forward P/E ratio of 29.05. Its industry sports an average Forward P/E of 29.05, so we one might conclude that TSM is trading at a no noticeable deviation comparatively.
Also, we should mention that TSM has a PEG ratio of 1.83. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Semiconductor - Circuit Foundry industry currently had an average PEG ratio of 1.83 as of yesterday's close.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 132, putting it in the bottom 49% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.