when does tsm report earnings
Source: istock

Will TSM's Earnings Beat the Expectations?


Oct. 13 2020, Updated 8:47 a.m. ET

Taiwan Semiconductor Manufacturing Company or TSM is gearing up to report its third-quarter earnings. The company makes semiconductor components for a range of devices including smartphones and tablets. Apple is one of TSM's customers. Therefore, TSM is one of the chip companies that could benefit from the shift to 5G connectivity. Apple is gearing up to launch its 5G iPhones to catch up with rival Samsung. When is TSM's earnings date and what is its stock price today?

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When is TSM's earnings date?

TSM plans to report its third-quarter earnings on Oct. 15 before U.S. markets open. The company's earnings forecast calls for its revenue to be $11.2 billion–$11.5 billion.

semiconductor tsm
Source: istock
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In the third quarter of 2019, TSM delivered revenue of $9.40 billion, which beat Wall Street's estimate by nearly $250 million. The company posted an EPS of $0.62, which beat the consensus estimate at $0.62. For TSM's upcoming earnings report, the consensus estimate calls for revenue of $11.93 billion and an EPS of $0.81. The company beat the revenue and EPS expectations in the second quarter. 

What is TSM's stock price today?

TSM stock popped up 0.65 percent to trade at $91.50 in the pre-market session on Tuesday, Oct. 13. The stock jumped 2.42 percent on Oct. 12 and closed at $90.91, which brought its gains over the past month to 15 percent. So far, TSM stock is up 56 percent in 2020.

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TSM's stock forecast

Should you buy TSM stock? The most bullish analyst sees a 10 percent upside potential in TSM stock to $100 within 12 months. However, the most bearish analyst predicts an 80 percent downside in TSM stock to $18.20 in 12 months. Most of the analysts recommend buying TSM stock.

tsm upcoming earnings
Source: istock
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What is TSM's dividend date?

TSM has a long dividend history going back to the 1990s. On the company's investor relations site, it outlines the dividend policy. TSM seeks to deliver sustainable quarterly cash dividend distribution and increase its annual dividend payout every year.

In 2020, TSM set Oct. 15 as the date to start distributing a cash dividend of $0.435 per share to its shareholders in the U.S. The dividend payout will be for the first quarter of 2020. The payment will go to shareholders of record as of Sept. 18. 

TSM has scheduled another dividend date. The company plans to pay out a quarterly cash dividend of $0.42 per share in January 2021. The payment will go out to TSM shareholders of record as of Dec. 18, according to TSM's investor relations site.


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