Tencent Music Entertainment Group TME.N, TME is expected to show a rise in quarterly revenue when it reports results on March 18 for the period ending December 31 2024
The Shenzhen Guangdong-based company is expected to report a 5.9% increase in revenue to CNY7.3 billion from CNY6.89 billion a year ago, according to the mean estimate from 10 analysts, based on LSEG data.
LSEG's mean analyst estimate for Tencent Music Entertainment Group is for earnings of CNY1.30 per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 25 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Tencent Music Entertainment Group is $14.50, above its last closing price of $12.40.
Previous quarterly performance (using preferred earnings measure in Chinese yuan renminbi).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | 1.22 | 1.21 | 1.16 | Missed | -3.8 |
Jun. 30 2024 | 1.17 | 1.17 | 1.19 | Beat | 1.3 |
Mar. 31 2024 | 1.02 | 1.02 | 1.09 | Beat | 7.1 |
Dec. 31 2023 | 0.98 | 0.98 | 1.00 | Beat | 2.5 |
Sep. 30 2023 | 0.88 | 0.88 | 0.89 | Beat | 1 |
Jun. 30 2023 | 0.97 | 0.98 | 0.97 | Missed | -1.3 |
Mar. 31 2023 | 0.80 | 0.79 | 0.89 | Beat | 12.2 |
Dec. 31 2022 | 0.90 | 0.89 | 0.91 | Beat | 2 |
This summary was machine generated March 14 at 13:24 GMT. All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)