Earnings Preview: Taiwan Semiconductor
Portfolio Pulse from Benzinga Insights
Taiwan Semiconductor (NYSE:TSM) is set to release its latest quarterly earnings report on October 19, 2023. Analysts estimate an earnings per share (EPS) of $1.17. The company's past performance shows a pattern of beating EPS estimates but experiencing a drop in share price the following day. The stock is currently trading at $91.0, up 40.48% over the last 52-week period.
October 18, 2023 | 5:01 pm
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Taiwan Semiconductor is expected to report an EPS of $1.17 for Q3 2023. Despite beating EPS estimates in the past, the company's share price has typically dropped the day after the earnings release.
The company has a history of beating EPS estimates but this has been followed by a drop in share price the next day. Given this pattern, it's likely that the share price may drop again after the upcoming earnings release, even if the company beats the EPS estimate.
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IMPORTANCE 80
RELEVANCE 100