We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
TSMC (TSM) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
In the latest trading session, TSMC (TSM - Free Report) closed at $114.96, marking a +0.23% move from the previous day. This move outpaced the S&P 500's daily loss of 0.08%.
Heading into today, shares of the chip company had gained 3.37% over the past month, outpacing the Computer and Technology sector's loss of 0.11% and the S&P 500's loss of 1.81% in that time.
TSM will be looking to display strength as it nears its next earnings release. In that report, analysts expect TSM to post earnings of $1.03 per share. This would mark year-over-year growth of 14.44%. Meanwhile, our latest consensus estimate is calling for revenue of $14.89 billion, up 22.66% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.02 per share and revenue of $56.52 billion, which would represent changes of +18.58% and +24.2%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for TSM. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. TSM currently has a Zacks Rank of #3 (Hold).
Digging into valuation, TSM currently has a Forward P/E ratio of 28.53. This represents a no noticeable deviation compared to its industry's average Forward P/E of 28.53.
Also, we should mention that TSM has a PEG ratio of 1.78. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Semiconductor - Circuit Foundry was holding an average PEG ratio of 1.78 at yesterday's closing price.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 121, putting it in the top 48% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
TSMC (TSM) Gains As Market Dips: What You Should Know
In the latest trading session, TSMC (TSM - Free Report) closed at $114.96, marking a +0.23% move from the previous day. This move outpaced the S&P 500's daily loss of 0.08%.
Heading into today, shares of the chip company had gained 3.37% over the past month, outpacing the Computer and Technology sector's loss of 0.11% and the S&P 500's loss of 1.81% in that time.
TSM will be looking to display strength as it nears its next earnings release. In that report, analysts expect TSM to post earnings of $1.03 per share. This would mark year-over-year growth of 14.44%. Meanwhile, our latest consensus estimate is calling for revenue of $14.89 billion, up 22.66% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.02 per share and revenue of $56.52 billion, which would represent changes of +18.58% and +24.2%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for TSM. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. TSM currently has a Zacks Rank of #3 (Hold).
Digging into valuation, TSM currently has a Forward P/E ratio of 28.53. This represents a no noticeable deviation compared to its industry's average Forward P/E of 28.53.
Also, we should mention that TSM has a PEG ratio of 1.78. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Semiconductor - Circuit Foundry was holding an average PEG ratio of 1.78 at yesterday's closing price.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 121, putting it in the top 48% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.