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

Hello

09/12/2024 14:30

* Hello Group Inc  MOMO.OQ  reported quarterly adjusted
earnings
of CNY2.70​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of CNY3.05.  The mean expectation of four analysts for the
quarter was for earnings of CNY1.86 per share. Wall Street
expected results to range from CNY1.59  to CNY2.10 per share.
    * Revenue fell 12.1% to CNY2.67 billion from a year ago;
analysts
expected CNY2.60 billion. 
    * Hello Group Inc's reported EPS for the quarter was
CNY2.46​.
    * The company reported quarterly net income of CNY449.37
million.
    * Hello Group Inc shares had fallen by 11.0% this
quarter and
gained 6.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.7%
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 "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 7
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Hello Group Inc
is $7.00 
This summary was machine generated from LSEG data December 9 at
02:30 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      1.86           2.70           Beat
 Jun. 30 2024      2.00           2.38           Beat
 Mar. 31 2024      2.10           0.31           Missed
 Dec. 31 2023      2.46           2.64           Beat