Tencent Music TME is set to give its latest quarterly earnings report on Monday, 2021-11-08. Here's what investors need to know before the announcement.
Analysts estimate that Tencent Music will likely report an Earnings Per Share (EPS) of $0.07
Tencent Music bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Historical Earnings Performance
Last quarter the company missed on EPS by 0.00%, which was followed by a 12.33% drop in the share price the next day.
Here's a look at Tencent Music's past performance and the resulting price change:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.1 | 0.09 | 0.12 | 0.11 |
| EPS Actual | 0.1 | 0.11 | 0.12 | 0.12 |
| Price Change % | -12.33% | -2.94% | 2.98% | 2.41% |
Stock Performance
Shares of Tencent Music were trading at $7.87 as of November 04. Over the last 52-week period, shares are down 47.75%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.
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