Earnings Outlook 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 August 15, 2023. 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 stock is currently trading at $6.09, up 28.97% over the last 52-week period.
August 14, 2023 | 8:01 pm
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POSITIVE IMPACT
Tencent Music Enter Gr is expected to report an EPS of $0.14 in its upcoming earnings. The company's stock price increased by 8.34% after beating EPS estimates last quarter.
Tencent Music Enter Gr's upcoming earnings report is highly relevant as it directly impacts the company's stock price. Given the company's history of beating EPS estimates and the subsequent positive impact on its stock price, there is a high likelihood of a similar trend following this earnings report. Therefore, the score is positive. The importance is high as earnings reports are crucial information for investors. The confidence level is high based on the company's past performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100