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TSMC (TSM) Beats Stock Market Upswing: What Investors Need to Know
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In the latest trading session, TSMC (TSM - Free Report) closed at $434.67, marking a +1.02% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.17%. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq increased by 0.4%.
The chip company's shares have seen an increase of 3.43% over the last month, surpassing the Computer and Technology sector's gain of 0.37% and the S&P 500's loss of 1.29%.
Market participants will be closely following the financial results of TSMC in its upcoming release. The company is forecasted to report an EPS of $4.45, showcasing a 52.4% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $45.54 billion, indicating a 37.59% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $16.55 per share and a revenue of $167.09 billion, signifying shifts of +55.4% and +36.49%, respectively, from the 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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.64% rise in the Zacks Consensus EPS estimate. TSMC is holding a Zacks Rank of #2 (Buy) right now.
In the context of valuation, TSMC is at present trading with a Forward P/E ratio of 26. For comparison, its industry has an average Forward P/E of 26, which means TSMC is trading at no noticeable deviation to the group.
Meanwhile, TSM's PEG ratio is currently 0.95. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Semiconductor - Circuit Foundry industry had an average PEG ratio of 0.95.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 12, placing it within the top 5% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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TSMC (TSM) Beats Stock Market Upswing: What Investors Need to Know
In the latest trading session, TSMC (TSM - Free Report) closed at $434.67, marking a +1.02% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.17%. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq increased by 0.4%.
The chip company's shares have seen an increase of 3.43% over the last month, surpassing the Computer and Technology sector's gain of 0.37% and the S&P 500's loss of 1.29%.
Market participants will be closely following the financial results of TSMC in its upcoming release. The company is forecasted to report an EPS of $4.45, showcasing a 52.4% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $45.54 billion, indicating a 37.59% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $16.55 per share and a revenue of $167.09 billion, signifying shifts of +55.4% and +36.49%, respectively, from the 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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.64% rise in the Zacks Consensus EPS estimate. TSMC is holding a Zacks Rank of #2 (Buy) right now.
In the context of valuation, TSMC is at present trading with a Forward P/E ratio of 26. For comparison, its industry has an average Forward P/E of 26, which means TSMC is trading at no noticeable deviation to the group.
Meanwhile, TSM's PEG ratio is currently 0.95. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Semiconductor - Circuit Foundry industry had an average PEG ratio of 0.95.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 12, placing it within the top 5% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.