Taiwan Semiconductor Manufacturing Co. Ltd.Zacks Rank #2 (Buy) with consensus estimates pointing to 55.5% EPS growth and 36.5% revenue growth for the fiscal year.

Taiwan Semiconductor Manufacturing Company is rated Zacks Rank #2 (Buy), with consensus estimates pointing to sharply higher earnings and revenue for the current fiscal year. TSMC is expected to post earnings of $4.45 per share for the current quarter, a year-over-year change of +52.4%, while the consensus estimate of $16.56 for the current fiscal year indicates a year-over-year change of +55.5%. For the next fiscal year, the consensus earnings estimate of $21.22 indicates a change of +28.2%. On the revenue side, the consensus sales estimate for the current quarter of $45.54 billion indicates a year-over-year change of +37.6%, and estimates of $167.14 billion and $219.13 billion for the current and next fiscal years indicate changes of +36.5% and +31.1%, respectively. In the last reported quarter, TSMC reported revenues of $40.2 billion, up +33.7% year over year, and EPS of $4.31 versus $2.47 a year ago, beating the Zacks Consensus Estimate of $39.63 billion by +1.44% on revenue with an EPS surprise of +11.37%.
Taiwan Semiconductor Manufacturing Co. Ltd.Zacks Rank #2 (Buy) with consensus estimates pointing to 55.5% EPS growth and 36.5% revenue growth for the fiscal year.