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TSMC (TSM) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest close session, TSMC (TSM - Free Report) was down 3.45% at $276.96. The stock fell short of the S&P 500, which registered a loss of 1.16% for the day. Meanwhile, the Dow experienced a drop of 0.47%, and the technology-dominated Nasdaq saw a decrease of 1.81%.
Shares of the chip company have appreciated by 3.22% over the course of the past month, outperforming the Computer and Technology sector's gain of 1%, and the S&P 500's gain of 1.03%.
The upcoming earnings release of TSMC will be of great interest to investors. The company's upcoming EPS is projected at $2.72, signifying a 21.43% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $32.6 billion, indicating a 21.26% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.13 per share and revenue of $120.47 billion, indicating changes of +43.89% and +33.73%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for TSMC. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.18% fall in the Zacks Consensus EPS estimate. TSMC presently features a Zacks Rank of #4 (Sell).
From a valuation perspective, TSMC is currently exchanging hands at a Forward P/E ratio of 28.33. For comparison, its industry has an average Forward P/E of 28.33, which means TSMC is trading at no noticeable deviation to the group.
It is also worth noting that TSM currently has a PEG ratio of 0.99. 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 0.99 at yesterday's closing price.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 230, placing it within the bottom 7% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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TSMC (TSM) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest close session, TSMC (TSM - Free Report) was down 3.45% at $276.96. The stock fell short of the S&P 500, which registered a loss of 1.16% for the day. Meanwhile, the Dow experienced a drop of 0.47%, and the technology-dominated Nasdaq saw a decrease of 1.81%.
Shares of the chip company have appreciated by 3.22% over the course of the past month, outperforming the Computer and Technology sector's gain of 1%, and the S&P 500's gain of 1.03%.
The upcoming earnings release of TSMC will be of great interest to investors. The company's upcoming EPS is projected at $2.72, signifying a 21.43% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $32.6 billion, indicating a 21.26% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.13 per share and revenue of $120.47 billion, indicating changes of +43.89% and +33.73%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for TSMC. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.18% fall in the Zacks Consensus EPS estimate. TSMC presently features a Zacks Rank of #4 (Sell).
From a valuation perspective, TSMC is currently exchanging hands at a Forward P/E ratio of 28.33. For comparison, its industry has an average Forward P/E of 28.33, which means TSMC is trading at no noticeable deviation to the group.
It is also worth noting that TSM currently has a PEG ratio of 0.99. 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 0.99 at yesterday's closing price.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 230, placing it within the bottom 7% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.