Taiwan Semiconductor Manufacturing ( TSM) is scheduled to report 3rd quarter earnings on 10/19/2023.
Regarding Q3 estimates, Wall Street analysts expect Taiwan Semiconductor Manufacturing to post earnings of $1.16 per share. Revenue expectations are pegged at $16.97 billion. Last quarter, Taiwan Semiconductor Manufacturing beat earnings estimates, reporting EPS of $1.13 on estimates of $1.07. The stock fell by -5.05% the day after the last earnings release.
Year-to-date, TSM stock has risen by 23.87%.
Is Taiwan Semiconductor Manufacturing Stock a Buy?
Wall Street’s consensus rating for TSM stock is a Strong Buy, with an average analyst price target of $122.50, implying upside potential of 34.29% from current levels.
TSM shares have gained about 4.43% in the past six months.
About Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Co., Ltd. manufactures and sells integrated circuits and wafer semiconductor devices. Its chips are used in several end markets including high performance computing platforms (like personal computers, tablets, servers and game consoles), automotive, Internet of Things (includes connected devices like smart wearables and surveillance systems) and digital consumer electronics like TVs and cameras. The company was founded by Chung Mou Chang on February 21, 1987 and is headquartered in Hsinchu, Taiwan.
Stay up-to-date on earnings this week, with TipRanks’ Earnings Calendar.
|
