Hello Group (MOMO) Scheduled to Post Earnings on Monday

Hello Group (NASDAQ:MOMO) is set to release its earnings data before the market opens on Monday, December 9th. Analysts expect Hello Group to post earnings of $0.23 per share for the quarter. Hello Group has set its Q3 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Hello Group (NASDAQ:MOMO) last issued its quarterly earnings data on Tuesday, September 3rd. The information services provider reported $2.38 EPS for the quarter, topping the consensus estimate of $0.25 by $2.13. The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.67 billion. Hello Group had a return on equity of 12.09% and a net margin of 12.40%. The company’s quarterly revenue was down 14.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. On average, analysts expect Hello Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hello Group Trading Up 1.4 %

Shares of Hello Group stock opened at $6.73 on Monday. The company has a market capitalization of $975.18 million, a P/E ratio of 6.73, a price-to-earnings-growth ratio of 2.06 and a beta of 0.54. The stock has a fifty day simple moving average of $7.01 and a 200 day simple moving average of $6.54. Hello Group has a 12-month low of $4.79 and a 12-month high of $8.19. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.17.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. StockNews.com upgraded shares of Hello Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Bank of America lowered shares of Hello Group from a “buy” rating to an “underperform” rating in a research note on Wednesday, November 6th. Jefferies Financial Group lifted their price target on shares of Hello Group from $6.50 to $7.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, Benchmark reduced their price objective on Hello Group from $15.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $7.93.

About Hello Group

Hello Group Inc provides mobile-based social and entertainment services in the People's Republic of China. It operates in three segments: Momo, Tantan, and QOOL. The company offers Momo, a mobile application that connects people and facilitates social interactions based on location, interests, and various online recreational activities, including live talent shows, short videos, social games, as well as other video- and audio-based interactive experiences, such as online parties, mobile karaoke and user participated reality shows; Tantan, a social and dating application; and other applications under the Hertz, Soulchill, Duidui, and Tietie names.