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Tencent Holding (TCEHY) Outpaces Stock Market Gains: What You Should Know
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Tencent Holding (TCEHY - Free Report) closed at $43.42 in the latest trading session, marking a +0.42% move from the prior day. This move outpaced the S&P 500's daily gain of 0.18%. Elsewhere, the Dow gained 0.24%, while the tech-heavy Nasdaq added 0.03%.
Coming into today, shares of the company had gained 2.44% in the past month. In that same time, the Computer and Technology sector gained 5.62%, while the S&P 500 gained 4.28%.
Wall Street will be looking for positivity from TCEHY as it approaches its next earnings report date. In that report, analysts expect TCEHY to post earnings of $0.28 per share. This would mark no growth from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.33 billion, up 21.3% from the year-ago period.
Investors should also note any recent changes to analyst estimates for TCEHY. These revisions help to show the ever-changing nature of near-term business trends. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.81% higher. TCEHY is currently a Zacks Rank #3 (Hold).
Investors should also note TCEHY's current valuation metrics, including its Forward P/E ratio of 31.22. For comparison, its industry has an average Forward P/E of 29.05, which means TCEHY is trading at a premium to the group.
It is also worth noting that TCEHY currently has a PEG ratio of 1.25. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Internet - Services stocks are, on average, holding a PEG ratio of 2.94 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% 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.
To follow TCEHY in the coming trading sessions, be sure to utilize Zacks.com.
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Tencent Holding (TCEHY) Outpaces Stock Market Gains: What You Should Know
Tencent Holding (TCEHY - Free Report) closed at $43.42 in the latest trading session, marking a +0.42% move from the prior day. This move outpaced the S&P 500's daily gain of 0.18%. Elsewhere, the Dow gained 0.24%, while the tech-heavy Nasdaq added 0.03%.
Coming into today, shares of the company had gained 2.44% in the past month. In that same time, the Computer and Technology sector gained 5.62%, while the S&P 500 gained 4.28%.
Wall Street will be looking for positivity from TCEHY as it approaches its next earnings report date. In that report, analysts expect TCEHY to post earnings of $0.28 per share. This would mark no growth from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.33 billion, up 21.3% from the year-ago period.
Investors should also note any recent changes to analyst estimates for TCEHY. These revisions help to show the ever-changing nature of near-term business trends. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.81% higher. TCEHY is currently a Zacks Rank #3 (Hold).
Investors should also note TCEHY's current valuation metrics, including its Forward P/E ratio of 31.22. For comparison, its industry has an average Forward P/E of 29.05, which means TCEHY is trading at a premium to the group.
It is also worth noting that TCEHY currently has a PEG ratio of 1.25. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Internet - Services stocks are, on average, holding a PEG ratio of 2.94 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% 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.
To follow TCEHY in the coming trading sessions, be sure to utilize Zacks.com.