In the newest buying and selling session, Tencent Music Leisure Group Sponsored ADR (TME) closed at $18.97, marking a +1.93% transfer from the day gone by. This transfer outpaced the S&P 500’s day by day acquire of 1.09%.
Heading into immediately, shares of the corporate had misplaced 8.6% over the previous month, lagging the Laptop and Know-how sector’s acquire of 6.99% and the S&P 500’s acquire of 5.05% in that point.
TME will probably be seeking to show power because it nears its subsequent earnings launch. On that day, TME is projected to report earnings of $0.11 per share, which might characterize year-over-year progress of 22.22%. In the meantime, our newest consensus estimate is asking for income of $1.19 billion, up 33.47% from the prior-year quarter.
Trying on the full yr, our Zacks Consensus Estimates counsel analysts expect earnings of $0.47 per share and income of $5.35 billion. These totals would mark modifications of +4.44% and +25.35%, respectively, from final yr.
Traders may also discover latest modifications to analyst estimates for TME. These revisions assist to point out the ever-changing nature of near-term enterprise developments. With this in thoughts, we are able to take into account constructive estimate revisions an indication of optimism in regards to the firm’s enterprise outlook.
Based mostly on our analysis, we imagine these estimate revisions are straight associated to near-team inventory strikes. To profit from this, we have now developed the Zacks Rank, a proprietary mannequin which takes these estimate modifications into consideration and supplies an actionable ranking system.
The Zacks Rank system ranges from #1 (Sturdy Purchase) to #5 (Sturdy Promote). It has a exceptional, outside-audited observe report of success, with #1 shares delivering a median annual return of +25% since 1988. Over the previous month, the Zacks Consensus EPS estimate has moved 2.29% decrease. TME presently has a Zacks Rank of #3 (Maintain).
Valuation can be essential, so traders ought to notice that TME has a Ahead P/E ratio of 39.76 proper now. Its trade sports activities a median Ahead P/E of 37.37, so we one would possibly conclude that TME is buying and selling at a premium comparatively.
In the meantime, TME’s PEG ratio is presently 2.48. This metric is used equally to the well-known P/E ratio, however the PEG ratio additionally takes into consideration the inventory’s anticipated earnings progress fee. The Web – Content material was holding a median PEG ratio of two.49 at yesterday’s closing worth.
The Web – Content material trade is a part of the Laptop and Know-how sector. This group has a Zacks Business Rank of 222, placing it within the backside 13% of all 250+ industries.
The Zacks Business Rank consists of is listed so as from greatest to worst by way of the typical Zacks Rank of the person corporations inside every of those sectors. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
To observe TME within the coming buying and selling periods, be sure you make the most of Zacks.com.
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Tencent Music Leisure Group Sponsored ADR (TME): Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.