Earnings Preview: Tencent Music Enter Gr
Portfolio Pulse from Benzinga Insights
Tencent Music Enter Gr (NYSE:TME) is scheduled to release its quarterly earnings report on March 19, 2024, with an estimated EPS of $0.14. Investors are hopeful for a beat on this estimate and positive future guidance. Historically, TME's stock price has reacted positively to earnings announcements, even when meeting estimates. Over the last year, TME shares have increased by 44.89%, trading at $10.33 as of March 15.
March 18, 2024 | 2:00 pm
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Tencent Music Enter Gr is expected to report an EPS of $0.14 for the upcoming quarter. Historical data shows positive stock price reactions to earnings announcements. Shares have risen 44.89% over the past year.
Given TME's historical performance following earnings announcements and the positive trend in its stock price over the past year, there is a strong likelihood of a positive short-term impact on TME's stock price if the company meets or exceeds the EPS estimate and provides favorable future guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100