Tencent

Tencent (TCEHY) is expected to release its fourth-quarter earnings on March 21. Analysts polled by Thomson Reuters expect the company’s revenues to rise 2.1% sequentially to 82.2 billion renminbi. However, the company’s EPS is expected to fall to 1.72 renminbi in the fourth quarter from 2.44 renminbi in the third quarter.

Tencent’s Q4 Earnings: Analysts’ Expectations

Tencent was hit by China’s ban on new video games last year. In the US market, gaming stocks like Take-Two Interactive Software (TTWO) and Activision Blizzard (ATVI) have fallen this year amid growth concerns. However, Apex Legends’ success has lifted Electronic Arts (EA).

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