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Tencent Holding (TCEHY) Gains As Market Dips: What You Should Know
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Tencent Holding (TCEHY - Free Report) closed at $38.24 in the latest trading session, marking a +0.91% move from the prior day. This move outpaced the S&P 500's daily loss of 1.58%. Elsewhere, the Dow lost 1.99%, while the tech-heavy Nasdaq lost 1.63%.
Heading into today, shares of the company had gained 2.01% over the past month, outpacing the Computer and Technology sector's loss of 2.81% and the S&P 500's loss of 6.62% in that time.
Investors will be hoping for strength from TCEHY as it approaches its next earnings release, which is expected to be March 20, 2019. The company is expected to report EPS of $0.28, unchanged from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.31 billion, up 21.13% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.15 per share and revenue of $45.32 billion. These totals would mark changes of +9.52% and +28.1%, respectively, from last year.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. TCEHY currently has a Zacks Rank of #5 (Strong Sell).
Digging into valuation, TCEHY currently has a Forward P/E ratio of 33.1. This represents a premium compared to its industry's average Forward P/E of 25.77.
We can also see that TCEHY currently has a PEG ratio of 1.04. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Services stocks are, on average, holding a PEG ratio of 2.01 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 101, putting it in the top 39% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Tencent Holding (TCEHY) Gains As Market Dips: What You Should Know
Tencent Holding (TCEHY - Free Report) closed at $38.24 in the latest trading session, marking a +0.91% move from the prior day. This move outpaced the S&P 500's daily loss of 1.58%. Elsewhere, the Dow lost 1.99%, while the tech-heavy Nasdaq lost 1.63%.
Heading into today, shares of the company had gained 2.01% over the past month, outpacing the Computer and Technology sector's loss of 2.81% and the S&P 500's loss of 6.62% in that time.
Investors will be hoping for strength from TCEHY as it approaches its next earnings release, which is expected to be March 20, 2019. The company is expected to report EPS of $0.28, unchanged from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.31 billion, up 21.13% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.15 per share and revenue of $45.32 billion. These totals would mark changes of +9.52% and +28.1%, respectively, from last year.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. TCEHY currently has a Zacks Rank of #5 (Strong Sell).
Digging into valuation, TCEHY currently has a Forward P/E ratio of 33.1. This represents a premium compared to its industry's average Forward P/E of 25.77.
We can also see that TCEHY currently has a PEG ratio of 1.04. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Services stocks are, on average, holding a PEG ratio of 2.01 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 101, putting it in the top 39% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.