TSMC (TSM) Rises Higher Than Market: Key Facts

Company Performance - TSMC's stock closed at $187.34, reflecting a +1.54% increase from the previous day, outperforming the S&P 500's gain of 0.55% [1] - The stock has appreciated by 6.7% over the past month, surpassing the Computer and Technology sector's gain of 5.73% and the S&P 500's gain of 4.28% [1] - The upcoming earnings report on July 18, 2024, is expected to show an EPS of$ 1.37, indicating a 20.18% growth year-over-year, with projected quarterly revenue of $20.2 billion, up 28.86% from the previous year [1] Annual Forecast - Zacks Consensus Estimates predict TSMC will report earnings of$ 6.16 per share and revenue of $85.12 billion for the year, reflecting increases of +18.92% and +22.83% respectively compared to the prior year [2] - Recent revisions to analyst forecasts for TSMC are important as they indicate short-term business trends and can influence stock price performance [2] Valuation Metrics - TSMC currently has a Forward P/E ratio of 29.93, which aligns with the industry average [3] - The company holds a PEG ratio of 1.18, consistent with the Semiconductor - Circuit Foundry industry's average PEG ratio of 1.18 [3] Industry Overview - The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector and holds a Zacks Industry Rank of 3, placing it in the top 2% of over 250 industries [4] - The Zacks Industry Rank is based on the average Zacks Rank of individual stocks, indicating that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]