Hello Group Inc expected to post earnings of CNY2.10 a share - Earnings Preview

Hello

24/05/2024 13:59

* Hello Group Inc  MOMO.OQ   MOMO.O  is expected to show a
fall in
quarterly revenue when it reports  results on May 28 for the
period ending March 31 2024
    * The Beijing-based  company is expected to report a
12.1% decrease in revenue to CNY2.478 billion from CNY2.82
billion a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on March 14
2024, for the period ended March 31, was for revenue between
CNY2.45 billion and CNY2.55 billion.
    * ​LSEG's mean analyst estimate for Hello Group Inc is for
earnings of CNY2.10 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months. ​
    * Wall Street's median 12-month price target for Hello Group
Inc
is $8.30​, above​ its last closing price of $5.53. ​​​

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  
 Dec. 31 2023              2.46       2.64      Beat    7.5
 Sep. 30 2023              2.49       3.05      Beat    22.7
 Jun. 30 2023  2.57        2.57       3.14      Beat    22.2​
 Mar. 31 2023  1.90        1.91       2.36      Beat    23.4
 ​​Dec.        1.95        1.96       2.46      Beat    25.7
 31 2022                                                
 Sep. 30 2022  2.14        2.14       2.60      Beat    21.7​
 Jun. 30 2022  1.69        1.70       2.22      Beat    31
 Mar. 31 2022  1.60        1.60       1.94      Beat    21.3
 This summary was machine generated May 24 at 12:59 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)