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Taiwan Semiconductor Manufacturing Company (TSMC) reported a -2.7% return over the past month, while the S&P 500 composite saw a +1.6% increase. The Zacks Semiconductor – Circuit Foundry industry has also declined by 4.1% during this period. TSMC is expected to post earnings of $1.74 per share for the current quarter, marking a 34.9% year-over-year increase, with a total revenue estimate of $22.72 billion reflecting a 31.5% growth from the previous year.
For the fiscal year, TSMC’s consensus earnings estimate stands at $6.45, indicating a 24.5% annual growth. The next fiscal year earnings estimate is $8.28, a rise of 28.4% year-over-year. TSMC’s last reported quarter showed revenues of $20.82 billion, exceeding the Zacks consensus estimate by 3.07%, with an EPS surprise of 8.03%.
TSMC holds a Zacks Rank of #2 (Buy), indicating the potential for outperforming the market in the near term.
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