Tencent (TCEHY) Expected to Announce Earnings on Wednesday

Key Points

• Tencent (TCEHY) is expected to report quarterly results on Wednesday, May 13, with analysts forecasting $1.07 EPS and revenue of $29.036 billion.
• The stock opened at $60.34 and trades near its 52-week low ($59.90) with a market cap of $550.64 billion, a P/E of 17.85, and mixed analyst coverage—consensus "Moderate Buy" with a $102 price target after recent downgrades.

Tencent (OTCMKTS:TCEHY - Get Free Report) will likely be announcing its resultson Wednesday, May 13th. Analysts expect the company to announce earnings of $1.07 per share and revenue of $29.0362 billion for the quarter.

Get Tencent SMS alerts:

Sign Up

Tencent Trading Down 0.1%

Shares of TCEHY stock opened at $60.34 on Wednesday. The stock has a market cap of $550.64 billion, a P/E ratio of 17.85 and a beta of 0.29. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. Tencent has a fifty-two week low of $59.90 and a fifty-two week high of $87.68. The business has a fifty day simple moving average of $64.85 and a 200-day simple moving average of $73.36.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TCEHY. Erste Group Bank cut shares of Tencent from a "buy" rating to a "hold" rating in a research note on Wednesday, February 18th. Zacks Research cut shares of Tencent from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 23rd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Tencent presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.00.

Tencent Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.