Tencent Music Entertainment Group expected to post earnings of 79 fen a share - Earnings Preview

Tencent Music Entertainment

09/08/2024 18:34

* Tencent Music Entertainment Group  1698.HK   is expected
to show
a fall in quarterly revenue when it reports  results on August
13 for the period ending June 30 2024
    * The Shenzhen Guangdong-based  company is expected to
report a
0.8% decrease in revenue to CNY7.228 billion from CNY7.29
billion a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Tencent Music
Entertainment
Group is for earnings of 79 fen per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 2
"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 HK$63.00​, above​ its last closing price
of HK$53.65. ​​​

Previous quarterly performance (using preferred earnings measure
in Chinese yuan renminbi). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.68        0.80       0.55      Missed  -30.8
 Dec. 31 2024  0.71        0.74       0.50      Missed  -32.1
 Jan. 1 0001   0.72        0.72       0.44      Missed  -39.2​
 Jun. 30 2023  0.97        0.81       0.48      Missed  -40.5
 ​​Mar.        0.57        0.64       0.45      Missed  -29.3
 31 2023                                                
 Dec. 31 2022  0.68        0.67       0.45      Missed  -32.8​
 This summary was machine generated August 9 at 17:34 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)