Tencent Music Entertainment Q3 2021 Earnings Preview

Tencent Music Entertainment is scheduled to announce Q3 earnings results on Monday, November 8th, after market close.

The consensus EPS Estimate is $0.07 (-41.7% Y/Y) and the consensus Revenue Estimate is $1.22B (+8.9% Y/Y).

Over the last 2 years, TME has beaten EPS estimates 75% of the time and has beaten revenue estimates 25% of the time.

Over the last 3 months, EPS estimates have seen 0 upward revisions and 7 downward. Revenue estimates have seen 0 upward revisions and 10 downward.

The company’s stock declined -12.33% on Aug. 17, the day after it reported its Q2 results on Aug. 16, post market.

Author: Ravikash, Seeking Alpha

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