A Preview Of Taiwan Semiconductor's Earnings
Portfolio Pulse from Benzinga Insights
Taiwan Semiconductor (NYSE:TSM) is set to announce its quarterly earnings on October 17, 2024. Analysts estimate an EPS of $1.80. The company's past performance shows that even an EPS beat can lead to a stock price drop if guidance is not positive. TSM has shown strong revenue growth and financial performance compared to its peers, with a consensus analyst rating of 'Outperform' and a potential 26.47% upside based on the average price target.
October 16, 2024 | 9:00 pm
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Taiwan Semiconductor is expected to announce its earnings with an estimated EPS of $1.80. Despite past EPS beats, stock prices have dropped due to lack of positive guidance. Analysts rate TSM as 'Outperform' with a potential 26.47% upside.
The article focuses on TSM's upcoming earnings announcement and the importance of guidance in affecting stock prices. Despite past EPS beats, TSM's stock price dropped due to lack of positive guidance. Analysts' 'Outperform' rating and potential upside suggest positive sentiment, but the actual impact will depend on the earnings and guidance provided.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100