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TSMC (TSM) Stock Sinks As Market Gains: What You Should Know
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TSMC (TSM - Free Report) closed the most recent trading day at $92.84, moving -0.19% from the previous trading session. This move lagged the S&P 500's daily gain of 0.37%. At the same time, the Dow added 0.98%, and the tech-heavy Nasdaq gained 0.62%.
Heading into today, shares of the chip company had gained 3.6% over the past month, lagging the Computer and Technology sector's gain of 10.71% and the S&P 500's gain of 3.71% in that time.
Wall Street will be looking for positivity from TSMC as it approaches its next earnings report date. On that day, TSMC is projected to report earnings of $1.79 per share, which would represent year-over-year growth of 27.86%. Our most recent consensus estimate is calling for quarterly revenue of $17.3 billion, down 1.53% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.57 per share and revenue of $78.45 billion. These totals would mark changes of -15.22% and +3.39%, respectively, from last year.
Any recent changes to analyst estimates for TSMC should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.6% lower. TSMC is holding a Zacks Rank of #4 (Sell) right now.
Digging into valuation, TSMC currently has a Forward P/E ratio of 16.71. This represents a no noticeable deviation compared to its industry's average Forward P/E of 16.71.
It is also worth noting that TSM currently has a PEG ratio of 0.81. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Semiconductor - Circuit Foundry stocks are, on average, holding a PEG ratio of 0.81 based on yesterday's closing prices.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 242, which puts it in the bottom 4% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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 Sinks As Market Gains: What You Should Know
TSMC (TSM - Free Report) closed the most recent trading day at $92.84, moving -0.19% from the previous trading session. This move lagged the S&P 500's daily gain of 0.37%. At the same time, the Dow added 0.98%, and the tech-heavy Nasdaq gained 0.62%.
Heading into today, shares of the chip company had gained 3.6% over the past month, lagging the Computer and Technology sector's gain of 10.71% and the S&P 500's gain of 3.71% in that time.
Wall Street will be looking for positivity from TSMC as it approaches its next earnings report date. On that day, TSMC is projected to report earnings of $1.79 per share, which would represent year-over-year growth of 27.86%. Our most recent consensus estimate is calling for quarterly revenue of $17.3 billion, down 1.53% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.57 per share and revenue of $78.45 billion. These totals would mark changes of -15.22% and +3.39%, respectively, from last year.
Any recent changes to analyst estimates for TSMC should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.6% lower. TSMC is holding a Zacks Rank of #4 (Sell) right now.
Digging into valuation, TSMC currently has a Forward P/E ratio of 16.71. This represents a no noticeable deviation compared to its industry's average Forward P/E of 16.71.
It is also worth noting that TSM currently has a PEG ratio of 0.81. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Semiconductor - Circuit Foundry stocks are, on average, holding a PEG ratio of 0.81 based on yesterday's closing prices.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 242, which puts it in the bottom 4% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.