In the most recent trading session, TSMC (TSM) closed at $ 124.50, a move of -0.24% from the previous day. This move brought the S&P 500’s daily profit of 1.44% behind.
Prior to today’s trading, the chip company’s shares rose 3.31% in the past month. This left behind the 5.25% profit of the computer and technology sector and the 6.26% profit of the S&P 500 at that time.
Wall Street will be looking for positivity from TSM as it approaches its next earnings reporting date. It is expected to be April 15, 2021. The company is expected to report a profit of $ 0.91, which is 21.33% higher than the previous quarter. The Zacks revenue consensus estimate, meanwhile, predicts net sales of $ 12.83 billion, up 24.47% year-over-year.
Our full Zacks consensus estimates for the full year are earnings of $ 3.99 per share and revenue of $ 55.21 billion, which would be + 17.7% and + 21.33% respectively compared to the previous year represent.
Investors should also take note of recent changes to the analysis estimates for TSM. These recent reviews tend to reflect the development of short-term business trends. As a result, we can interpret positive estimate changes as a good sign for the company’s prospects.
Our research shows that these estimation changes are directly correlated with short-term stock prices. To take advantage of this, we developed the Zacks Rank, a proprietary model that takes these estimates into account and provides a workable rating system.
The Zacks Rank system, which ranges from # 1 (strong buy) to # 5 (strong sell), has a proven, unaudited track record of performance, with # 1 stocks averaging + 25% annually since 1988 yielded. month, the Zacks consensus estimate moved 0.5% lower. TSM currently holds a Zacks rank of # 4 (sold).
Looking at its valuation, TSM maintains a Forward P / E ratio of 31.28. By comparison, its industry has an average Forward P / E of 31.28, which means that TSM trades without any noticeable deviation for the group.
Meanwhile, TSM’s PEG ratio is currently 1.22. The PEG ratio is similar to the commonly used P / E ratio, but this measure also takes into account the expected growth rate of the company. The Semiconductor – Circuit Foundry maintained an average PEG ratio of 1.22 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 243, which places it in the bottom 5% of all 250+ industries.
The Zacks industry rankings are 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% of industries are better than the bottom half by a factor of 2 to 1.
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