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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 3.53% at $425.83. This change lagged the S&P 500's daily loss of 0.57%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq lost 1.15%.
The chip company's stock has climbed by 11.48% in the past month, exceeding the Computer and Technology sector's gain of 2.85% and the S&P 500's gain of 2.14%.
Investors will be eagerly watching for the performance of TSMC in its upcoming earnings disclosure. The company's upcoming EPS is projected at $3.69, signifying a 49.39% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $39.76 billion, indicating a 32.23% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $15.3 per share and revenue of $161.88 billion. These totals would mark changes of +43.66% and +32.22%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for TSMC. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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. The Zacks Consensus EPS estimate has moved 0.32% higher within the past month. TSMC presently features a Zacks Rank of #2 (Buy).
With respect to valuation, TSMC is currently being traded at a Forward P/E ratio of 28.86. This represents no noticeable deviation compared to its industry average Forward P/E of 28.86.
It's also important to note that TSM currently trades at a PEG ratio of 1.29. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. TSM's industry had an average PEG ratio of 1.29 as of yesterday's close.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 6, which puts it in the top 3% 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.
View the Zacks #1 Rank List
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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 3.53% at $425.83. This change lagged the S&P 500's daily loss of 0.57%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq lost 1.15%.
The chip company's stock has climbed by 11.48% in the past month, exceeding the Computer and Technology sector's gain of 2.85% and the S&P 500's gain of 2.14%.
Investors will be eagerly watching for the performance of TSMC in its upcoming earnings disclosure. The company's upcoming EPS is projected at $3.69, signifying a 49.39% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $39.76 billion, indicating a 32.23% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $15.3 per share and revenue of $161.88 billion. These totals would mark changes of +43.66% and +32.22%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for TSMC. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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. The Zacks Consensus EPS estimate has moved 0.32% higher within the past month. TSMC presently features a Zacks Rank of #2 (Buy).
With respect to valuation, TSMC is currently being traded at a Forward P/E ratio of 28.86. This represents no noticeable deviation compared to its industry average Forward P/E of 28.86.
It's also important to note that TSM currently trades at a PEG ratio of 1.29. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. TSM's industry had an average PEG ratio of 1.29 as of yesterday's close.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 6, which puts it in the top 3% 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.