- Tencent Music Entertainment (TME, Financial) is set to announce first-quarter earnings with analysts predicting a 20% YoY EPS growth.
- Wall Street projects a 12.90% upside at an average price target of $16.18.
- While brokerage firms rate TME at "Outperform," GuruFocus suggests a potential downside of 39.29%.
Tencent Music Entertainment (TME) is gearing up for its first-quarter earnings release on May 13th. Analysts are expecting an earnings per share (EPS) of $0.18, which would represent a significant 20% increase compared to the same period last year. Revenue projections are equally optimistic, with expectations set at $999.55 million, reflecting a 6.7% growth. Historically, Tencent Music has exceeded revenue estimates in 75% of its past reports, a strong indicator for potential outperformance.
Wall Street Analysts Forecast
In evaluating the stock's future potential, 28 analysts have provided average one-year price targets for Tencent Music Entertainment Group (TME, Financial), establishing an average target price of $16.18. This price incorporates a high estimate of $19.10 and a low estimate of $12.00. If these projections hold true, they suggest a 12.90% upside from the current share price of $14.33. For deeper insight into these estimates, visit the Tencent Music Entertainment Group (TME) Forecast page.
The consensus among 29 brokerage firms is that Tencent Music Entertainment Group (TME, Financial) holds an average brokerage recommendation of 1.8, indicating a status of "Outperform." The rating scale ranges from 1, meaning Strong Buy, to 5, meaning Sell.
While Wall Street's optimism is palpable, GuruFocus offers a more conservative perspective. According to GuruFocus estimates, the GF Value for Tencent Music Entertainment Group (TME, Financial) over the next year is estimated at $8.70. This suggests a potential downside of 39.29% from the current price of $14.33. The GF Value signifies the stock's fair trading value, derived from historical trading multiples, past business growth, and future performance projections. For comprehensive data analysis, explore the Tencent Music Entertainment Group (TME) Summary page.
