Hello Group (MOMO) to Release Earnings on Monday

Hello Group (NASDAQ:MOMO - Get Free Report) will be releasing its earnings data before the market opens on Monday, December 9th. Analysts expect Hello Group to post earnings of $0.23 per share for the quarter. Hello Group has set its Q3 2024 guidance at EPS.Individual interested in listening to the company's earnings conference call can do so using this link.

Hello Group (NASDAQ:MOMO - Get Free Report) last issued its quarterly earnings data on Tuesday, September 3rd. The information services provider reported $2.38 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $2.13. Hello Group had a return on equity of 12.09% and a net margin of 12.40%. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the prior year, the firm posted $0.39 EPS. The firm's revenue for the quarter was down 14.2% on a year-over-year basis. On average, analysts expect Hello Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hello Group Stock Performance

Shares of NASDAQ:MOMO traded up $0.05 during trading on Monday, reaching $6.78. The stock had a trading volume of 899,758 shares, compared to its average volume of 1,666,193. The stock has a fifty day simple moving average of $7.01 and a two-hundred day simple moving average of $6.54. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.17. Hello Group has a 52 week low of $4.79 and a 52 week high of $8.19. The firm has a market capitalization of $982.42 million, a price-to-earnings ratio of 6.78, a P/E/G ratio of 2.06 and a beta of 0.54.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Hello Group from $6.50 to $7.00 and gave the stock a "buy" rating in a research report on Tuesday, September 3rd. Bank of America cut shares of Hello Group from a "buy" rating to an "underperform" rating in a research note on Wednesday, November 6th. Benchmark lowered their price target on Hello Group from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Wednesday, September 4th. Finally, StockNews.com upgraded Hello Group from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $7.93.

Hello Group Company Profile

Hello Group Inc provides mobile-based social and entertainment services in the People's Republic of China. It operates in three segments: Momo, Tantan, and QOOL. The company offers Momo, a mobile application that connects people and facilitates social interactions based on location, interests, and various online recreational activities, including live talent shows, short videos, social games, as well as other video- and audio-based interactive experiences, such as online parties, mobile karaoke and user participated reality shows; Tantan, a social and dating application; and other applications under the Hertz, Soulchill, Duidui, and Tietie names.