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TSMC (TSM) Stock Moves -0.11%: What You Should Know
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TSMC (TSM - Free Report) closed the most recent trading day at $116.29, moving -0.11% from the previous trading session. This move was narrower than the S&P 500's daily loss of 0.75%. Elsewhere, the Dow lost 0.3%, while the tech-heavy Nasdaq lost 0.23%.
Prior to today's trading, shares of the chip company had lost 1.44% over the past month. This has was narrower than the Computer and Technology sector's loss of 2.28% and lagged the S&P 500's loss of 0.13% in that time.
Investors will be hoping for strength from TSMC as it approaches its next earnings release. In that report, analysts expect TSMC to post earnings of $1.15 per share. This would mark year-over-year growth of 18.56%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.1 billion, up 27.01% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.16 per share and revenue of $58.66 billion. These totals would mark changes of +22.71% and +28.92%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for TSMC. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. TSMC is currently a Zacks Rank #3 (Hold).
Investors should also note TSMC's current valuation metrics, including its Forward P/E ratio of 27.99. This represents a no noticeable deviation compared to its industry's average Forward P/E of 27.99.
Investors should also note that TSM has a PEG ratio of 1.74 right now. 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 was holding an average PEG ratio of 1.74 at yesterday's closing price.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 117, which puts it in the top 47% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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TSMC (TSM) Stock Moves -0.11%: What You Should Know
TSMC (TSM - Free Report) closed the most recent trading day at $116.29, moving -0.11% from the previous trading session. This move was narrower than the S&P 500's daily loss of 0.75%. Elsewhere, the Dow lost 0.3%, while the tech-heavy Nasdaq lost 0.23%.
Prior to today's trading, shares of the chip company had lost 1.44% over the past month. This has was narrower than the Computer and Technology sector's loss of 2.28% and lagged the S&P 500's loss of 0.13% in that time.
Investors will be hoping for strength from TSMC as it approaches its next earnings release. In that report, analysts expect TSMC to post earnings of $1.15 per share. This would mark year-over-year growth of 18.56%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.1 billion, up 27.01% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.16 per share and revenue of $58.66 billion. These totals would mark changes of +22.71% and +28.92%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for TSMC. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. TSMC is currently a Zacks Rank #3 (Hold).
Investors should also note TSMC's current valuation metrics, including its Forward P/E ratio of 27.99. This represents a no noticeable deviation compared to its industry's average Forward P/E of 27.99.
Investors should also note that TSM has a PEG ratio of 1.74 right now. 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 was holding an average PEG ratio of 1.74 at yesterday's closing price.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 117, which puts it in the top 47% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.