We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Tencent Holding (TCEHY) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
Tencent Holding (TCEHY - Free Report) closed the most recent trading day at $44.82, moving -1.49% from the previous trading session. This change lagged the S&P 500's 0.22% loss on the day. Elsewhere, the Dow lost 0.08%, while the tech-heavy Nasdaq lost 0.36%.
Heading into today, shares of the company had gained 11.63% over the past month, outpacing the Computer and Technology sector's gain of 10.66% and the S&P 500's gain of 8.17% in that time.
Wall Street will be looking for positivity from TCEHY as it approaches its next earnings report date. The company is expected to report EPS of $0.28, unchanged from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $12.34 billion, up 21.4% from the year-ago period.
Any recent changes to analyst estimates for TCEHY should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.62% higher. TCEHY currently has a Zacks Rank of #2 (Buy).
Digging into valuation, TCEHY currently has a Forward P/E ratio of 32.62. For comparison, its industry has an average Forward P/E of 26.88, which means TCEHY is trading at a premium to the group.
Investors should also note that TCEHY has a PEG ratio of 1.03 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Internet - Services stocks are, on average, holding a PEG ratio of 2.26 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 104, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Tencent Holding (TCEHY) Dips More Than Broader Markets: What You Should Know
Tencent Holding (TCEHY - Free Report) closed the most recent trading day at $44.82, moving -1.49% from the previous trading session. This change lagged the S&P 500's 0.22% loss on the day. Elsewhere, the Dow lost 0.08%, while the tech-heavy Nasdaq lost 0.36%.
Heading into today, shares of the company had gained 11.63% over the past month, outpacing the Computer and Technology sector's gain of 10.66% and the S&P 500's gain of 8.17% in that time.
Wall Street will be looking for positivity from TCEHY as it approaches its next earnings report date. The company is expected to report EPS of $0.28, unchanged from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $12.34 billion, up 21.4% from the year-ago period.
Any recent changes to analyst estimates for TCEHY should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.62% higher. TCEHY currently has a Zacks Rank of #2 (Buy).
Digging into valuation, TCEHY currently has a Forward P/E ratio of 32.62. For comparison, its industry has an average Forward P/E of 26.88, which means TCEHY is trading at a premium to the group.
Investors should also note that TCEHY has a PEG ratio of 1.03 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Internet - Services stocks are, on average, holding a PEG ratio of 2.26 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 104, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.