Taiwan Semiconductor Manufacturing (NYSE:TSM) is scheduled to report fourth-quarter outcomes on Thursday, January 18th, earlier than market open.
Analysts anticipate a year-over-year decline in each the highest and backside strains, with earnings per share of $1.37 on revenues of $19.75 billion.
Final week, the corporate reported a drop in income for the month of December. Fourth quarter income amounted to $20.10 billion, as per a report from Reuters based mostly on their calculations.
Analyst will likely be specializing in TSMC’s 2024 outlook, with chip demand anticipated to get better as smartphone and PC makers look to refill their dwindling inventories.
Smartphones account for 30-40% of TSMC’s gross sales, with the corporate counting iPhone maker Apple (AAPL) as its largest buyer.
Based on Semiconductor Business Affiliation president and CEO John Neuffer, the worldwide semiconductor market is predicted to submit double-digit progress in 2024.
Analysts at BofA anticipate TSMC to ship 23% income progress in 2024, “pushed by 3nm ramp, CoWoS enlargement, and demand restoration, together with strong market share.”
Funding agency Wedbush mentioned it was “usually optimistic” on 2024 because of stock normalization and anticipated progress throughout most markets.
Shares of the Taiwanese firm surged in 2023, because it benefited from a increase in synthetic intelligence purposes.
Over the past three months, the corporate has seen important revisions to its estimates. Its earnings per share estimates have been revised upwards 4 occasions, whereas its income estimates have seen 21 upward revisions.
In search of Alpha analysts at massive contemplate TSMC a Purchase. This compares with SA Quant score of Maintain and common Wall Avenue score of Robust Purchase.