Hello Group (MOMO) to Release Earnings on Monday

Hello Group (NASDAQ:MOMO) 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.Persons that wish to register for the company’s earnings conference call can do so using this link.

Hello Group (NASDAQ:MOMO) last announced its quarterly earnings results on Tuesday, September 3rd. The information services provider reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $2.13. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.67 billion. Hello Group had a return on equity of 12.09% and a net margin of 12.40%. The firm’s revenue was down 14.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. 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 Up 1.4 %

Shares of Hello Group stock opened at $6.73 on Monday. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.17. Hello Group has a 12-month low of $4.79 and a 12-month high of $8.19. The company has a market cap of $975.18 million, a P/E ratio of 6.73, a PEG ratio of 2.06 and a beta of 0.54. The company’s fifty day simple moving average is $7.01 and its two-hundred day simple moving average is $6.54.

Wall Street Analyst Weigh In

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

About Hello Group

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.