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

Hello

28/05/2024 14:31

* Hello Group Inc  MOMO.OQ  reported quarterly adjusted
earnings
of 31 fen​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of
$2.36.  The mean expectation of five analysts for the quarter
was for earnings of CNY2.10 per share. Wall Street expected
results to range from CNY1.95  to CNY2.20 per share.
    * Revenue fell 9.2% to $2.56 billion from a year ago;
analysts
expected $2.48 billion. 
    * Hello Group Inc's reported EPS for the quarter was 1 fen​.
    * The company reported quarterly net income of CNY5.18
million.
    * Hello Group Inc shares had fallen by 2.4% this quarter and
lost 12.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.5%
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 8 "strong buy" or "buy," 5
"hold" and 1 "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 $8.30 
This summary was machine generated from LSEG data May 28 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
 Mar. 31 2024      2.10           0.31           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