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

Hello

31/08/2023 14:31

* Hello Group Inc  MOMO.OQ  reported quarterly adjusted
earnings
of CNY3.14​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for earnings
of CNY2.57 per share.
    * Revenue rose 0.9% to CNY3.14 billion from a year ago;
analysts
expected CNY3.04 billion. 
    * Hello Group Inc's reported EPS for the quarter was
CNY1.41​.
    * The mean earnings estimate of analysts had risen by
about 9.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Hello Group Inc shares had fallen by 0.8% this quarter and
gained 16.2% so far this year.
    * The company reported quarterly net income of CNY568.4
million.
    * Wall Street's median 12-month price target for Hello Group
Inc
is $10.40 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 31 at 01:31 p.m. UTC. ​All figures in Chinese yuan
renminbi unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      2.57           3.14           Beat
 Mar. 31 2023      1.91           2.36           Beat
 Dec. 31 2022      1.96           2.46           Beat
 Sep. 30 2022      2.14           2.60           Beat