Surging Earnings Estimates Signal Upside for Tencent Music Entertainment Group (TME) Stock

Core Viewpoint - Tencent Music Entertainment Group (TME) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates [1][2] Earnings Estimates - Current-quarter earnings estimate is projected at $0.17 per share, reflecting a year-over-year increase of +30.77% [3] - Over the past 30 days, the Zacks Consensus Estimate for TME has risen by 10.71%, with two estimates moving higher and no negative revisions [3] - For the full year, the earnings estimate stands at $0.68 per share, indicating a +28.3% change from the previous year [4] - The consensus estimate for the current year has increased by 6.9% due to two upward revisions and no negative changes [4] Zacks Rank - TME has achieved a Zacks Rank 2 (Buy), indicating strong potential for outperformance based on favorable estimate revisions [5] - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [5] Stock Performance - TME's stock has increased by 14.4% over the past four weeks, driven by strong estimate revisions and positive analyst sentiment [6] - There is potential for further upside in the stock, suggesting it may be a good addition to investment portfolios [6]