Hello Group Inc MOMO.OQ reported quarterly adjusted earnings of CNY2.34 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 31 fen. The mean expectation of three analysts for the quarter was for earnings of CNY1.49 per share. Wall Street expected results to range from CNY1.40 to CNY1.58 per share.
Revenue fell 1.5% to CNY2.52 billion from a year ago; analysts expected CNY2.43 billion.
Hello Group Inc's reported EPS for the quarter was CNY2.07.
The company reported quarterly net income of CNY357.99 million.
Hello Group Inc shares had risen by 4.7% this quarter and lost 14.3% so far this year.
FORECAST CHANGES
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," 2 "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 $8.40
This summary was machine generated from LSEG data June 5 at 01:31 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)