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 - Free Report) ended the recent trading session at $426.80, demonstrating a +2.8% change from the preceding day's closing price. This change outpaced the S&P 500's 0.3% gain on the day. Meanwhile, the Dow lost 0.16%, and the Nasdaq, a tech-heavy index, added 0.86%.
The chip company's stock has climbed by 0.85% in the past month, falling short of the Computer and Technology sector's gain of 3.7% and the S&P 500's gain of 1.92%.
The investment community will be closely monitoring the performance of TSMC in its forthcoming earnings report. On that day, TSMC is projected to report earnings of $3.69 per share, which would represent year-over-year growth of 49.39%. Simultaneously, our latest consensus estimate expects the revenue to be $39.76 billion, showing a 32.23% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $15.29 per share and a revenue of $161.84 billion, demonstrating changes of +43.57% and +32.19%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.29% higher. Currently, TSMC is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, TSMC is at present trading with a Forward P/E ratio of 27.15. This valuation marks no noticeable deviation compared to its industry average Forward P/E of 27.15.
We can also see that TSM currently has a PEG ratio of 1.21. 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. The Semiconductor - Circuit Foundry industry currently had an average PEG ratio of 1.21 as of yesterday's close.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 109, this industry ranks in the top 45% of all industries, numbering over 250.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Why TSMC (TSM) Outpaced the Stock Market Today
TSMC (TSM - Free Report) ended the recent trading session at $426.80, demonstrating a +2.8% change from the preceding day's closing price. This change outpaced the S&P 500's 0.3% gain on the day. Meanwhile, the Dow lost 0.16%, and the Nasdaq, a tech-heavy index, added 0.86%.
The chip company's stock has climbed by 0.85% in the past month, falling short of the Computer and Technology sector's gain of 3.7% and the S&P 500's gain of 1.92%.
The investment community will be closely monitoring the performance of TSMC in its forthcoming earnings report. On that day, TSMC is projected to report earnings of $3.69 per share, which would represent year-over-year growth of 49.39%. Simultaneously, our latest consensus estimate expects the revenue to be $39.76 billion, showing a 32.23% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $15.29 per share and a revenue of $161.84 billion, demonstrating changes of +43.57% and +32.19%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.29% higher. Currently, TSMC is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, TSMC is at present trading with a Forward P/E ratio of 27.15. This valuation marks no noticeable deviation compared to its industry average Forward P/E of 27.15.
We can also see that TSM currently has a PEG ratio of 1.21. 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. The Semiconductor - Circuit Foundry industry currently had an average PEG ratio of 1.21 as of yesterday's close.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 109, this industry ranks in the top 45% of all industries, numbering over 250.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.