EPS of 0.11. Sell-side analysts often provide their best researched

Shifting the focus to some earnings data, we have noted that the current quarter EPS consensus estimate for Tencent Music Entertainment Group Sponsored ADR (ASX:TME) is 0.1. This EPS estimate consists of 4 Wall Street analysts taken into consideration by Zacks Research. For the previous reporting period, the company posted a quarterly EPS of 0.11. Sell-side analysts often provide their best researched estimates at what the company will report. These estimates hold a lot of weight on Wall Street and the investing community. Sometimes these analyst projections are spot on, and other times they are off. When a company reports actual earnings results, the surprise factor can cause a stock price to fluctuate. Investors will often pay added attention to a company that has beaten estimates by a large margin.