FY2027 EPS Estimates for Tencent Lowered by Erste Group Bank

Key Points

• Erste Group trimmed its FY2027 EPS estimate for Tencent to $4.52 from $4.54 and maintained a Hold rating, while the consensus estimate for the current full year is $2.74 per share.
• Zacks Research downgraded Tencent from "strong-buy" to Hold, and analysts are split with two Buys and two Holds; MarketBeat shows a consensus rating of "Moderate Buy" and a $102.00 target price.
• Tencent stock was up about 3.6%, opening at $64.76, and the company trades with a market cap near $590.8 billion and a P/E of 19.16 within a 52-week range of $52.30–$87.68.

Tencent Holding Ltd. (OTCMKTS:TCEHY - Free Report) - Equities research analysts at Erste Group Bank cut their FY2027 earnings estimates for Tencent in a note issued to investors on Thursday, April 2nd. Erste Group Bank analyst H. Engel now anticipates that the technology company will post earnings of $4.52 per share for the year, down from their prior forecast of $4.54. Erste Group Bank has a "Hold" rating on the stock. The consensus estimate for Tencent's current full-year earnings is $2.74 per share.

Separately, Zacks Research downgraded shares of Tencent from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 23rd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $102.00.

Tencent Stock Up 3.6%

Shares of Tencent stock opened at $64.76 on Thursday. Tencent has a 52-week low of $52.30 and a 52-week high of $87.68. The company has a 50 day moving average of $67.42 and a 200 day moving average of $75.87. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $590.84 billion, a P/E ratio of 19.16 and a beta of 0.34.

About Tencent

Tencent Holdings Limited is a Chinese multinational technology conglomerate headquartered in Shenzhen, Guangdong. Founded in 1998, the company grew from early instant-messaging products into a diversified internet services group and is listed on the Hong Kong Stock Exchange. Tencent's businesses span consumer-facing applications, digital content, cloud services and financial technology, supported by a broad investment program in global technology and gaming companies.

At the consumer level Tencent operates major social and communication platforms such as QQ and WeChat (Weixin), which combine messaging, social networking, mobile payments and a wide range of mini-programs and services.

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