Hello Group Inc reports results for the quarter ended in June 30 - Earnings Summary

Hello

03/09/2024 14:31

* Hello Group Inc  MOMO.OQ  reported quarterly adjusted
earnings
of CNY2.38​​ per share for the quarter ended June 30, lower than
the same quarter last year, when the company reported EPS of
$3.14.  The mean expectation of six analysts for the quarter was
for earnings of CNY2.00 per share. Wall Street expected
results to range from CNY1.84  to CNY2.26 per share.
    * Revenue fell 14.2% to $2.69 billion from a year ago;
analysts
expected CNY2.67 billion. 
    * Hello Group Inc's reported EPS for the quarter was
CNY2.11​.
    * The company reported quarterly net income of CNY397.8
million.
    * Hello Group Inc shares had risen by 8.5% this quarter and
gained 4.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3% 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 6 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is  "hold."

Wall Street's median 12-month price target for Hello Group Inc
is 7.00 
This summary was machine generated from LSEG data September 3 at
01:31 p.m. UTC. ​All figures in US dollars 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
 Jun. 30 2024      2.00           2.38           Beat
 Mar. 31 2024      2.10           0.31           Missed
 Dec. 31 2023      2.46           2.64           Beat
 Sep. 30 2023      2.49           3.05           Beat