Hello Group Inc expected to post earnings of CNY2.00 a share - Earnings Preview

Hello

30/08/2024 13:33

* Hello Group Inc  MOMO.OQ   MOMO.O  is expected to show a
fall in
quarterly revenue when it reports  results on September 3 for
the period ending January 1 0001
    * The Beijing-based  company is expected to report a
14.9% decrease in revenue to CNY2.669 billion from CNY3.14
billion a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on May 28
2024, for the period ended June 30, was for revenue between
CNY2.65 billion and CNY2.75 billion.
    * ​LSEG's mean analyst estimate for Hello Group Inc is for
earnings of $2.00 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Hello Group
Inc
is $7.00​, above​ its last closing price of $6.59. ​​​

Previous quarterly performance (using preferred earnings measure
in Chinese yuan renminbi). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   2.12        2.10       0.31      Missed  -85.2
 Dec. 31 0001  2.54        2.46       2.64      Beat    7.5
 Sep. 30 2023  2.42        2.49       3.05      Beat    22.7​
 Jun. 30 2023  2.57        2.57       3.14      Beat    22.2
 ​​Mar.        1.90        1.91       2.36      Beat    23.4
 31 2023                                                
 Dec. 31 2022  1.95        1.96       2.46      Beat    25.7​
 Sep. 30 2022  2.14        2.14       2.60      Beat    21.7
 Jun. 30 2022  1.69        1.70       2.22      Beat    31
 This summary was machine generated August 30 at 12:33 GMT.  All
figures in Chinese yuan renminbi unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)