From Nasdaq: 2024-11-22 17:45:03

TSMC (TSM) closed at $190.08, down 0.61% from the prior day, trailing the S&P 500. The chip company’s shares lost 3.38% in the past month, while the Computer and Technology sector gained 0.56%. TSMC is expected to report EPS of $2.14 and revenue of $25.96 billion in its upcoming release.

The Zacks Consensus Estimates project earnings of $6.95 per share and revenue of $88.39 billion for TSMC for the full year. The company has a Zacks Rank of #1 (Strong Buy) and a Forward P/E ratio of 27.52. TSMC also has a PEG ratio of 0.88, in line with the industry average.

Market analysts are closely watching for any changes in TSMC’s estimates, as these can impact the company’s stock performance. The Semiconductor – Circuit Foundry industry, to which TSMC belongs, has a Zacks Industry Rank of 1, placing it in the top 1% of all industries. For more information, visit Zacks.com.

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Read more at Nasdaq: TSMC (TSM) Stock Falls Amid Market Uptick: What Investors Need to Know