Taiwan Semiconductor Manufacturing (NYSE: TSM ) is expected to report Q2 earnings on July 18. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Taiwan Semiconductor Manufacturing's revenues will grow 20.5% and EPS will expand 18.5%.
The average estimate for revenue is $5.17 billion. On the bottom line, the average EPS estimate is $0.32.
Last quarter, Taiwan Semiconductor Manufacturing logged revenue of $4.45 billion. GAAP reported sales were 24% higher than the prior-year quarter's $3.58 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.26. GAAP EPS of $0.05 for Q1 were 25% higher than the prior-year quarter's $0.04 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 45.8%, 190 basis points worse than the prior-year quarter. Operating margin was 33.4%, 30 basis points worse than the prior-year quarter. Net margin was 29.8%, 190 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $20.44 billion. The average EPS estimate is $1.23.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,373 members out of 1,421 rating the stock outperform, and 48 members rating it underperform. Among 304 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 299 give Taiwan Semiconductor Manufacturing a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Taiwan Semiconductor Manufacturing is outperform, with an average price target of $18.08.
Is Taiwan Semiconductor Manufacturing the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Taiwan Semiconductor Manufacturing to My Watchlist.