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TSMC (TSM) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, TSMC (TSM - Free Report) closed at $115.77, marking a -0.2% move from the previous day. This change lagged the S&P 500's 0.12% gain on the day.
Heading into today, shares of the chip company had lost 3.06% over the past month, lagging the Computer and Technology sector's loss of 2.07% and the S&P 500's gain of 0.33% in that time.
Investors will be hoping for strength from TSM as it approaches its next earnings release. The company is expected to report EPS of $0.89, up 14.1% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $12.96 billion, up 24.83% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.07 per share and revenue of $56.56 billion, which would represent changes of +20.06% and +24.29%, respectively, from the prior year.
Any recent changes to analyst estimates for TSM should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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, the Zacks Consensus EPS estimate remained stagnant. TSM is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that TSM has a Forward P/E ratio of 28.5 right now. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 28.5.
Also, we should mention that TSM has a PEG ratio of 1.79. 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 1.79 at yesterday's closing price.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 129, which puts it in the top 50% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TSM in the coming trading sessions, be sure to utilize Zacks.com.
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TSMC (TSM) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, TSMC (TSM - Free Report) closed at $115.77, marking a -0.2% move from the previous day. This change lagged the S&P 500's 0.12% gain on the day.
Heading into today, shares of the chip company had lost 3.06% over the past month, lagging the Computer and Technology sector's loss of 2.07% and the S&P 500's gain of 0.33% in that time.
Investors will be hoping for strength from TSM as it approaches its next earnings release. The company is expected to report EPS of $0.89, up 14.1% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $12.96 billion, up 24.83% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.07 per share and revenue of $56.56 billion, which would represent changes of +20.06% and +24.29%, respectively, from the prior year.
Any recent changes to analyst estimates for TSM should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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, the Zacks Consensus EPS estimate remained stagnant. TSM is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that TSM has a Forward P/E ratio of 28.5 right now. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 28.5.
Also, we should mention that TSM has a PEG ratio of 1.79. 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 1.79 at yesterday's closing price.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 129, which puts it in the top 50% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TSM in the coming trading sessions, be sure to utilize Zacks.com.