Taiwan Semiconductor Manufacturing (TSM), the world's largest chip foundry will report its results for the full fourth quarter on Thursday.
The semiconductor shortage has been a huge story on Wall Street over the last year since it touches so many industries.
Analysts expect the contract chipmaker to earn $1.12 per U.S. share on sales of $15.64 billion in Q4. That would translate to year-over-year growth of 13% in earnings and 21% in sales. TSM stock has formed a saucer base with a buy point of 142.29.
Executives said in October that Q4 sales should land between $15.4 billion and $15.7 billion, and that 23% spike would imply progress at boosting production volumes. Investors are hopeful that this rebound also comes with significant price increases that reflect TWSC's leadership position.
Looking ahead, the company should benefit from strong demand for tech products through 2022. Watch for those trends to support a bullish outlook for 2022, and for the current fiscal quarter -- assuming TWSC isn't facing any major input shortages or production bottlenecks.