Taiwan Semiconductor Manufacturing (NYSE: TSM) is expected to report Q3 earnings on Oct. 25. 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 36.1% and EPS will grow 55.0%.

The average estimate for revenue is $4.75 billion. On the bottom line, the average EPS estimate is $0.31.

Revenue details
Last quarter, Taiwan Semiconductor Manufacturing booked revenue of $4.29 billion. GAAP reported sales were 12% higher than the prior-year quarter's $3.83 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.27. GAAP EPS of $0.05 were the same as the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 48.8%, 280 basis points better than the prior-year quarter. Operating margin was 36.5%, 220 basis points better than the prior-year quarter. Net margin was 32.7%, 20 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $17.01 billion. The average EPS estimate is $1.05.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,358 members out of 1,406 rating the stock outperform, and 48 members rating it underperform. Among 304 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 298 give Taiwan Semiconductor Manufacturing a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Taiwan Semiconductor Manufacturing is hold, with an average price target of $15.25.

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