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) Registers a Bigger Fall Than the Market: Important Facts to Note
Read MoreHide Full Article
TSMC (TSM - Free Report) closed at $428.03 in the latest trading session, marking a -1.68% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.59%. Meanwhile, the Dow experienced a drop of 0.6%, and the technology-dominated Nasdaq saw a decrease of 0.65%.
Shares of the chip company have appreciated by 1.45% over the course of the past month, outperforming the Computer and Technology sector's loss of 0.02%, and the S&P 500's loss of 1.37%.
Investors will be eagerly watching for the performance of TSMC in its upcoming earnings disclosure. The company's upcoming EPS is projected at $4.45, signifying a 52.40% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $45.54 billion, up 37.59% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $16.55 per share and a revenue of $167.09 billion, representing changes of +55.4% and +36.49%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for TSMC. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 0.64% rise in the Zacks Consensus EPS estimate. TSMC is currently a Zacks Rank #1 (Strong Buy).
From a valuation perspective, TSMC is currently exchanging hands at a Forward P/E ratio of 26.31. This represents no noticeable deviation compared to its industry average Forward P/E of 26.31.
We can also see that TSM currently has a PEG ratio of 0.96. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Semiconductor - Circuit Foundry stocks are, on average, holding a PEG ratio of 0.96 based on yesterday's closing prices.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 1, this industry ranks in the top 1% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
TSMC (TSM) Registers a Bigger Fall Than the Market: Important Facts to Note
TSMC (TSM - Free Report) closed at $428.03 in the latest trading session, marking a -1.68% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.59%. Meanwhile, the Dow experienced a drop of 0.6%, and the technology-dominated Nasdaq saw a decrease of 0.65%.
Shares of the chip company have appreciated by 1.45% over the course of the past month, outperforming the Computer and Technology sector's loss of 0.02%, and the S&P 500's loss of 1.37%.
Investors will be eagerly watching for the performance of TSMC in its upcoming earnings disclosure. The company's upcoming EPS is projected at $4.45, signifying a 52.40% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $45.54 billion, up 37.59% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $16.55 per share and a revenue of $167.09 billion, representing changes of +55.4% and +36.49%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for TSMC. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 0.64% rise in the Zacks Consensus EPS estimate. TSMC is currently a Zacks Rank #1 (Strong Buy).
From a valuation perspective, TSMC is currently exchanging hands at a Forward P/E ratio of 26.31. This represents no noticeable deviation compared to its industry average Forward P/E of 26.31.
We can also see that TSM currently has a PEG ratio of 0.96. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Semiconductor - Circuit Foundry stocks are, on average, holding a PEG ratio of 0.96 based on yesterday's closing prices.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 1, this industry ranks in the top 1% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.