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

Hello

06/06/2023 14:31

* Hello Group Inc  MOMO.OQ  reported quarterly adjusted
earnings
of CNY2.39​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for earnings
of CNY1.91 per share.
    * Revenue fell 10.5% to CNY2.82 billion from a year ago;
analysts
expected CNY2.69 billion. 
    * Hello Group Inc's reported EPS for the quarter was 98
fen​.
    * The mean earnings estimate of analysts had risen by
about 2.8%
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 risen by 7.6% this quarter and
gained 9.0% so far this year.
    * The company reported quarterly net income of CNY390.29
million.
    * Wall Street's median 12-month price target for Hello Group
Inc
is $9.60 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data June
6 at 01:31 p.m. UTC. ​All figures in Chinese yuan renminbi
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.91           2.39           Beat
 Dec. 31 2022      1.96           2.46           Beat
 Sep. 30 2022      2.14           2.60           Beat
 Jun. 30 2022      1.70           2.22           Beat