Oppenheimer Weighs in on TENCENT HOLDING/ADR’s Q1 2020 Earnings (OTCMKTS:TCEHY)
TENCENT HOLDING/ADR (OTCMKTS:TCEHY) – Equities researchers at Oppenheimer dropped their Q1 2020 EPS estimates for shares of TENCENT HOLDING/ADR in a research note issued on Sunday, March 22nd. Oppenheimer analyst J. Helfstein now forecasts that the technology company will post earnings per share of $0.31 for the quarter, down from their prior estimate of $0.37. Oppenheimer also issued estimates for TENCENT HOLDING/ADR’s Q2 2020 earnings at $0.33 EPS.
TENCENT HOLDING/ADR (OTCMKTS:TCEHY) last posted its quarterly earnings results on Wednesday, March 18th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). TENCENT HOLDING/ADR had a net margin of 24.82% and a return on equity of 19.66%. The company had revenue of $15.02 billion for the quarter, compared to analyst estimates of $14.76 billion.
TCEHY stock opened at $48.42 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.41. TENCENT HOLDING/ADR has a 12-month low of $40.04 and a 12-month high of $53.75. The company has a market cap of $462.54 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 1.43 and a beta of 1.12. The firm has a 50 day moving average of $49.64 and a 200-day moving average of $45.82.
About TENCENT HOLDING/ADR
Tencent Holdings Limited, an investment holding company, provides Internet value-added services (VAS) and online advertising services in Mainland China, Hong Kong, North America, Europe, other Asian countries, and internationally. The company operates through VAS, Online Advertising, and Others segments.
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