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Taiwan Semiconductor Manufacturing Company (TSMC) is currently showing strong stock performance, with a +11.6% return over the last month, significantly surpassing the S&P 500 composite’s +3.2% increase. The Zacks Semiconductor – Circuit Foundry industry has gained +14.2% during the same period.
For the current quarter, TSMC is expected to report earnings of $1.34 per share, reflecting a +17.5% increase year-over-year. The company’s revenue for this quarter is estimated at $19.95 billion, a +27.3% rise from last year. The annual earnings estimate stands at $6.13 for the current fiscal year and $7.69 for the next, indicating year-over-year growth of +18.3% and +25.5%, respectively.
TSMC has maintained a Zacks Rank of #2 (Buy), suggesting it may outperform the broader market in the near term. The last reported quarter showed revenues of $18.87 billion, exceeding estimates by +2.66%, and an EPS of $1.38, marking a +6.98% surprise.
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