Hello Group Inc reports results for the quarter ended in December - Earnings Summary

Hello

14/03/2024 13:31

* Hello Group Inc  MOMO.OQ  reported quarterly adjusted
earnings
of CNY2.64​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of CNY2.46.  The mean expectation of six analysts for the
quarter was for earnings of CNY2.46 per share. Wall Street
expected results to range from CNY2.22  to CNY2.60 per share.
    * Revenue fell 6.5% to CNY3.00 billion from a year ago;
analysts
expected CNY2.91 billion. 
    * Hello Group Inc's reported EPS for the quarter was
CNY1.16​.
    * The company reported quarterly net income of CNY452.47
million.
    * Hello Group Inc shares had risen by 10.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Hello Group Inc
is $9.30 
This summary was machine generated from LSEG data March 14 at
01:30 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      2.46           2.64           Beat
 Sep. 30 2023      2.49           3.05           Beat
 Jun. 30 2023      2.57           3.14           Beat
 Mar. 31 2023      1.91           2.36           Beat