Tencent Holdings ( TCEHY Quick Quote TCEHY - Free Report) is set to report second-quarter 2020 results on Aug 13. The Zacks Consensus Estimate for second-quarter earnings has increased 2.4% to 42 cents over the past 30 days, suggesting growth of 16.7% from the figure reported in the year-ago quarter. Further, the consensus mark for revenues currently stands at $16 billion, indicating growth of 22.9% from the figure reported in the year-ago quarter. Notably, the company’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, while missing in the other two, the average surprise being 2.33%. Tencent Holding Ltd. Price and EPS Surprise Key Factors to Watch
Tencent’s second-quarter 2020 results are expected to reflect its rich gaming portfolio as well as strong distribution capability, especially as users followed lockdown guidelines due to the coronavirus outbreak.
According to the Zacks model, the combination of a positive
Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. Tencent Holdings has an Earnings ESP of -2.38% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Stocks to Consider
Here are a couple of companies, which, per our model, have the right combination of elements to post an earnings beat in their upcoming release.
Deere & Company ( DE Quick Quote DE - Free Report) has an Earnings ESP of +4.64% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent Technologies, Inc. ( A Quick Quote A - Free Report) has an Earnings ESP of +5.00% and a Zacks Rank #2. The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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