Tencent Music Entertainment Group (NYSE:TME) is one of the 10 Stocks Worth Watching Right Now.
Tencent Music Entertainment Group extended its winning streak to a third consecutive day on Monday, jumping 6.48 percent to close at $15.11 apiece, as investors loaded portfolios ahead of the results of its earnings performance last year.
In a notice on its website, Tencent Music Entertainment Group said that it would release its financial and operating highlights for the fourth quarter and full-year periods before market open on Tuesday, March 17 EDT. A conference call will be held to elaborate on the results.
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Analysts are expecting Tencent Music Entertainment Group to report $0.23 in earnings per share and revenues of $1.22 billion. The company has beaten revenue estimates 75 percent of the time.
Earnings aside, the rally can also be partly attributed to the overall market optimism, as investors cheered Iran’s openness to end the ongoing tensions in the Middle East.
“We don’t ask for ceasefire, but this war must end, in a way that our enemies never again think about repeating such attacks,” Iranian Foreign Minister Abbas Araghchi was quoted as saying.
“They now understand what kind of nation they are dealing with,” he noted, adding that the country was ready to “take the war wherever necessary.”
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