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What's in Store for Taiwan Semiconductors' (TSM) Q1 Earnings?
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Taiwan Semiconductor Manufacturing Company Ltd. (TSM - Free Report) is scheduled to report first-quarter 2024 results on Apr 18.
For the first quarter, TSM anticipates revenues between $18 billion and $18.8 billion. The Zacks Consensus Estimate for the same is pegged at $18.38 billion, suggesting growth of 9.96% from the year-ago quarter’s reported figure.
The consensus mark for first-quarter earnings is pegged at $1.29 per share, indicating a decline of 1.5% from the prior-year reported figure. The consensus estimate has been unchanged over the past 30 days.
Taiwan Semiconductor’s earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, with an average earnings surprise of 7.8%.
Taiwan Semiconductor Manufacturing Company Ltd. Price and EPS Surprise
The company’s strong efforts toward innovating technology products are likely to get reflected in its first-quarter results.
Continuous investments in leading-edge and specialty technologies are anticipated to have aided the company’s quarterly performance.
Strength in 7nm and 3nm technologies is expected to have driven TSM’s performance in the to-be-reported quarter. The solid adoption of 5nm technology is likely to have contributed well to the wafer revenues of the company in the to-be-reported quarter.
Moreover, Taiwan Semiconductor’s growing efforts to ramp up the production of 3nm and development of 2nm are anticipated to have been a tailwind.
The focus on diversifying its customer base and expanding into new applications, such as HPC (high-performance computing) and smartphone applications, is anticipated to have contributed well in the quarter to be reported.
However, the impacts of smartphone seasonality are likely to get reflected in the upcoming quarterly results.
Mounting expenses associated with setting up and operating semiconductor fabrication facilities overseas are likely to have been concerning. Also, a challenging macroeconomic scenario is expected to have acted as a headwind in the quarter under review.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Taiwan Semiconductor this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here, as elaborated below.
Taiwan Semiconductor has an Earnings ESP of +1.29%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
TSM carries a Zacks Rank #4 (Sell).
Stocks to Consider
Here are some stocks that, per our model, have the right combination of elements to post an earnings beat in the soon-to-be-reported quarterly results.
AZZ is scheduled to release fourth-quarter fiscal 2024 results on Apr 22. The Zacks Consensus Estimate for AZZ’s earnings is pegged at 70 cents per share, suggesting a jump from the prior-year quarter’s reported figure of 30 cents.
AptarGroup (ATR - Free Report) has an Earnings ESP of +0.59% and a Zacks Rank #2 at present.
AptarGroup is set to announce first-quarter 2024 results on Apr 25. The Zacks Consensus Estimate for ATR’s earnings is pinned at $1.13 per share, indicating growth of 19% from the year-ago quarter’s reported figure.
Cardinal Health (CAH - Free Report) has an Earnings ESP of +0.31% and a Zacks Rank #2 at present.
CAH is scheduled to release third-quarter fiscal 2024 results on May 2. The Zacks Consensus Estimate for CAH’s earnings is pegged at $1.96 per share, implying growth of 12.6% from the year-ago quarter’s reported figure.
Image: Bigstock
What's in Store for Taiwan Semiconductors' (TSM) Q1 Earnings?
Taiwan Semiconductor Manufacturing Company Ltd. (TSM - Free Report) is scheduled to report first-quarter 2024 results on Apr 18.
For the first quarter, TSM anticipates revenues between $18 billion and $18.8 billion. The Zacks Consensus Estimate for the same is pegged at $18.38 billion, suggesting growth of 9.96% from the year-ago quarter’s reported figure.
The consensus mark for first-quarter earnings is pegged at $1.29 per share, indicating a decline of 1.5% from the prior-year reported figure. The consensus estimate has been unchanged over the past 30 days.
Taiwan Semiconductor’s earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, with an average earnings surprise of 7.8%.
Taiwan Semiconductor Manufacturing Company Ltd. Price and EPS Surprise
Taiwan Semiconductor Manufacturing Company Ltd. price-eps-surprise | Taiwan Semiconductor Manufacturing Company Ltd. Quote
Factors to Note
The company’s strong efforts toward innovating technology products are likely to get reflected in its first-quarter results.
Continuous investments in leading-edge and specialty technologies are anticipated to have aided the company’s quarterly performance.
Strength in 7nm and 3nm technologies is expected to have driven TSM’s performance in the to-be-reported quarter. The solid adoption of 5nm technology is likely to have contributed well to the wafer revenues of the company in the to-be-reported quarter.
Moreover, Taiwan Semiconductor’s growing efforts to ramp up the production of 3nm and development of 2nm are anticipated to have been a tailwind.
The focus on diversifying its customer base and expanding into new applications, such as HPC (high-performance computing) and smartphone applications, is anticipated to have contributed well in the quarter to be reported.
However, the impacts of smartphone seasonality are likely to get reflected in the upcoming quarterly results.
Mounting expenses associated with setting up and operating semiconductor fabrication facilities overseas are likely to have been concerning. Also, a challenging macroeconomic scenario is expected to have acted as a headwind in the quarter under review.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Taiwan Semiconductor this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here, as elaborated below.
Taiwan Semiconductor has an Earnings ESP of +1.29%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
TSM carries a Zacks Rank #4 (Sell).
Stocks to Consider
Here are some stocks that, per our model, have the right combination of elements to post an earnings beat in the soon-to-be-reported quarterly results.
AZZ (AZZ - Free Report) has an Earnings ESP of +7.14% and sports a Zacks Rank #1 at present. You can see the complete list of today's Zacks #1 Rank stocks here.
AZZ is scheduled to release fourth-quarter fiscal 2024 results on Apr 22. The Zacks Consensus Estimate for AZZ’s earnings is pegged at 70 cents per share, suggesting a jump from the prior-year quarter’s reported figure of 30 cents.
AptarGroup (ATR - Free Report) has an Earnings ESP of +0.59% and a Zacks Rank #2 at present.
AptarGroup is set to announce first-quarter 2024 results on Apr 25. The Zacks Consensus Estimate for ATR’s earnings is pinned at $1.13 per share, indicating growth of 19% from the year-ago quarter’s reported figure.
Cardinal Health (CAH - Free Report) has an Earnings ESP of +0.31% and a Zacks Rank #2 at present.
CAH is scheduled to release third-quarter fiscal 2024 results on May 2. The Zacks Consensus Estimate for CAH’s earnings is pegged at $1.96 per share, implying growth of 12.6% from the year-ago quarter’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.