Tencent Music's Earnings Outlook

Tencent Music TME is set to give its latest quarterly earnings report on Tuesday, 2023-03-21. Here's what investors need to know before the announcement.

Analysts estimate that Tencent Music will report an earnings per share (EPS) of $0.13.

Tencent Music bulls will hope to hear the company 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).

Here's a look at Tencent Music's past performance and the resulting price change:

Stock Performance

Shares of Tencent Music were trading at $7.85 as of March 17. Over the last 52-week period, shares are up 55.1%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Tencent Music visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.