Tencent Music Entertainment Group (NYSE:TME) is expected to release earnings results for its first quarter, before the opening bell on May 13.
Analysts expect the Shenzhen, China-based company to report quarterly earnings at 14 cents per share, up from 12 cents per share in the year-earlier period. Tencent Music Entertainment is projected to report quarterly revenue of $916.95 million, compared to $980.64 million a year ago, according to data from Benzinga Pro.
On March 19, Tencent Music Entertainment reported a fourth-quarter revenue decline of 7.2% year-over-year to $971 million (CNY6.89 billion), beating the consensus of $932 million.
Tencent Music Entertainment shares fell 0.3% to close at $13.34 on Friday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
- Morgan Stanley analyst Alex Poon maintained an Overweight rating and boosted the price target from $11 to $13.5 on March 20. This analyst has an accuracy rate of 71%.
- Benchmark analyst Fawne Jiang maintained a Buy rating and increased the price target from $9 to $14 on March 20. This analyst has an accuracy rate of 67%.
- B of A Securities analyst Lei Zhang maintained a Buy rating and boosted the price target from $10.5 to $12.3 on March 20. This analyst has an accuracy rate of 65%.
- Redburn Atlantic analyst Agnieszka Pustula initiated coverage on the stock with a Buy rating and a price target of $12 on Feb. 5. This analyst has an accuracy rate of 72%.
- CLSA analyst Maggie Ye initiated coverage on the stock with an Outperform rating and a price target of $10.5 on Feb. 5. This analyst has an accuracy rate of 72%.
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騰訊音樂娛樂集團（紐約證券交易所代碼：TME）預計將在5月13日開盤前發佈其第一季度業績。
分析師預計，這家總部位於中國深圳的公司將公佈的季度收益爲每股14美分，高於去年同期的每股12美分。根據Benzinga Pro的數據，騰訊音樂娛樂預計將公佈的季度收入爲9.1695億美元，而去年同期爲9.8064億美元。
3月19日，騰訊音樂娛樂公司報告稱，第四季度收入同比下降7.2％，至9.71億美元（人民幣68.9億元），超過市場預期的9.32億美元。
騰訊音樂娛樂股價週五下跌0.3％，收於13.34美元。
Benzinga的讀者可以在分析師股票評級頁面上訪問最新的分析師評級。讀者可以按股票行情、公司名稱、分析公司、評級變化或其他變量進行排序。
讓我們來看看Benzinga最準確的分析師在最近一段時間對該公司的評級。
摩根士丹利分析師亞歷克斯·潘維持增持評級，並於3月20日將目標股價從11美元上調至13.5美元。這位分析師的準確率爲71％。
基準分析師Fawne Jiang維持買入評級，並在3月20日將目標股價從9美元上調至14美元。這位分析師的準確率爲67％。
Bof A Securities分析師張雷維持買入評級，並將目標股價從3月20日上調至12.3美元。該分析師的準確率爲65％。
雷德本大西洋分析師阿格涅斯卡·普斯圖拉於2月5日開始對該股進行報道，評級爲買入，目標股價爲12美元。這位分析師的準確率爲72％。
里昂證券分析師葉美琪於2月5日開始對該股進行報道，評級爲跑贏大盤，目標股價爲10.5美元。這位分析師的準確率爲72％。
