Surging Earnings Estimates Signal Upside for Tencent Music Entertainment Group (TME) Stock [Yahoo! Finance]
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Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares (TME)
Last tencent music entertainment group american depositary shares, each representing two class a ordinary shares earnings: 3/16 04:15 pm
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Source: Yahoo! Finance
The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. For Tencent Music Entertainment Group, there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for
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News
- Tencent Music Entertainment Group (TME) Reported Solid Revenue and Earnings Growth in Q1 [Yahoo! Finance]Yahoo! Finance
- Thailand's GMM Music Valued At $700 Million After Tencent Buys Stake [Forbes]Forbes
- Tencent Music Entertainment Group to Hold Annual General Meeting on June 28, 2024 [Yahoo! Finance]Yahoo! Finance
- Tencent Music Entertainment Group to Hold Annual General Meeting on June 28, 2024PR Newswire
- Tencent Music Entertainment Group (NYSE: TME) had its price target raised by analysts at Benchmark Co. from $14.00 to $19.00. They now have a "buy" rating on the stock.MarketBeat
TME
Earnings
- 5/13/24 - In-Line
TME
Sec Filings
- 6/3/24 - Form 6-K
- 5/21/24 - Form 6-K
- 5/21/24 - Form 144
- TME's page on the SEC website