Earnings Preview For Tencent Music Enter Gr
Portfolio Pulse from Benzinga Insights
Tencent Music Enter Gr (NYSE:TME) is set to release its latest quarterly earnings report on Tuesday, 2023-08-15. Analysts estimate an earnings per share (EPS) of $0.14. The company's past performance shows it beat EPS by $0.02 last quarter, leading to an 8.34% increase in share price the next day. Shares of Tencent Music Enter Gr were trading at $6.09 as of August 11, with a 27.3% increase over the last 52-week period.
August 14, 2023 | 2:00 pm
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POSITIVE IMPACT
Tencent Music Enter Gr is expected to report an EPS of $0.14 in its upcoming earnings report. The company's past performance and recent stock price increase suggest a positive outlook.
The company's past performance of beating EPS estimates and the subsequent positive impact on the stock price suggest a potential positive short-term impact on the stock. Additionally, the overall positive return over the last 52-week period indicates a generally positive sentiment among long-term shareholders, which could further support the stock price around the earnings release.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100