TSM stock earnings forecast; Why analysts are bullish

The Taiwan Semiconductor Manufacturing Company (NYSE: TSM), having seen a significant rise in 2024, is set to publish its earnings report for the first quarter of the year on April 18.The microchip manufacturer finds itself in an odd position given that the analysts’ earnings-per-share (EPS) outlook hints at bearish expectations given that it is set at $1.29 – lower than the $1.31 in the same period one year earlier, and below the $1.44 in the final trimester of 2023.This might appear odd given TSMC’s cruci ...