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TSMC (TSM) Dips More Than Broader Markets: What You Should Know
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TSMC (TSM - Free Report) closed the most recent trading day at $99.41, moving -1.56% from the previous trading session. This move lagged the S&P 500's daily loss of 0.79%. At the same time, the Dow lost 1.07%, and the tech-heavy Nasdaq lost 2.71%.
Coming into today, shares of the chip company had gained 0.7% in the past month. In that same time, the Computer and Technology sector gained 2.73%, while the S&P 500 gained 4.16%.
Wall Street will be looking for positivity from TSMC as it approaches its next earnings report date. This is expected to be July 20, 2023. In that report, analysts expect TSMC to post earnings of $1.08 per share. This would mark a year-over-year decline of 30.32%. Our most recent consensus estimate is calling for quarterly revenue of $15.52 billion, down 14.53% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.32 per share and revenue of $71.59 billion. These totals would mark changes of -19.03% and -5.65%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for TSMC. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.13% higher. TSMC is currently a Zacks Rank #3 (Hold).
In terms of valuation, TSMC is currently trading at a Forward P/E ratio of 18.98. This represents a no noticeable deviation compared to its industry's average Forward P/E of 18.98.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 110, which puts it in the top 44% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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TSMC (TSM) Dips More Than Broader Markets: What You Should Know
TSMC (TSM - Free Report) closed the most recent trading day at $99.41, moving -1.56% from the previous trading session. This move lagged the S&P 500's daily loss of 0.79%. At the same time, the Dow lost 1.07%, and the tech-heavy Nasdaq lost 2.71%.
Coming into today, shares of the chip company had gained 0.7% in the past month. In that same time, the Computer and Technology sector gained 2.73%, while the S&P 500 gained 4.16%.
Wall Street will be looking for positivity from TSMC as it approaches its next earnings report date. This is expected to be July 20, 2023. In that report, analysts expect TSMC to post earnings of $1.08 per share. This would mark a year-over-year decline of 30.32%. Our most recent consensus estimate is calling for quarterly revenue of $15.52 billion, down 14.53% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.32 per share and revenue of $71.59 billion. These totals would mark changes of -19.03% and -5.65%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for TSMC. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.13% higher. TSMC is currently a Zacks Rank #3 (Hold).
In terms of valuation, TSMC is currently trading at a Forward P/E ratio of 18.98. This represents a no noticeable deviation compared to its industry's average Forward P/E of 18.98.
The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 110, which puts it in the top 44% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.