TSMC closed at $434.67, up 1.02% and outpacing the S&P 500's 0.17% gain, while the Dow fell 0.18% and the Nasdaq rose 0.4%. The chipmaker is forecast to report quarterly EPS of $4.45, a 52.4% increase from the year-ago quarter, on revenue of $45.54 billion, up 37.59%. For the full year, the Zacks Consensus Estimates anticipate earnings of $16.55 per share and revenue of $167.09 billion, representing shifts of +55.4% and +36.49%, respectively, from last year. Over the past month the Zacks Consensus EPS estimate has risen 0.64%, and TSMC holds a Zacks Rank of #2 (Buy). The stock trades at a Forward P/E ratio of 26, in line with its industry average, and a PEG ratio of 0.95.
Taiwan Semiconductor Manufacturing Co. Ltd.Analysts forecast 52.4% quarterly EPS growth and raised the consensus estimate, with TSMC holding a Zacks Rank #2 (Buy).
