Taiwan Semiconductor Manufacturing Co., Ltd.(TSM) Q2 2021 earnings conference call is scheduled at 2:00 am ET and 2:00 pm SGT on July 15. You can listen to the live earnings call by subscribing to it.
Sales and Revenue
This company reported a 20% jump in quarterly sales, as the company raced to meet demand for chips from the automotive and other industries.
Sales for the quarter ended in June came in at NT$372.1 billion ($13.3 billion), in line with the average analyst estimate of NT$371.3 billion. Revenue for June was NT$148.5 billion, up 23% from a year ago.
Earnings Preview
According to Zacks Investment Research, based on 1 analysts' forecasts, the consensus EPS forecast for the quarter is $0.89, and the revenue estimate stands at 13.31B.
The upgrade of TSMC to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Are you bullish on TSM? Leave your answer in the comment.
Disclaimer: The live video is made available for informational purposes only. Before investing, please consult a licensed professional.

Previously：
Absolute valuation: Analysts' secret weapon
Relative valuation: How to compare a stock's worth with its peers?
Stock valuation methods
There are 2 methods for analysts to give enterprises valuations: absolute valuation and relative valuation. How to value listed companies in different industries?
Absolute Valuation
Dividend Discount Model (DDM)
The dividend discount model(DDM) calculates the "true" value of a firm based on the dividends the company pays its shareholders.
DDM is a very effective way of valuing matured blue chip companies in well-developed industries. These companies have to pay a dividend, and the dividend is stable and predictable.
Discounted Cash Flow Model (DCF)
If the company doesn't pay a dividend or its dividend pattern is irregular, then the company should use the discounted cash flow (DCF) model.
DCF is a calculation designed to evaluate a company's current value by projecting its future free cash flows, operating costs, revenues, and growth.
But these values are easier to accurately predict with larger, more firmly established companies that have steady growth histories on which to base these projections, such as utilities, banking, and energy sectors like oil and gas.
Relative Valuation
Price-to-Earnings Ratio (P/E Ratio)
P/E ratios are used by inves...

Friday, July 9, 2021
By Chloe