Brokerages predict that Momo Inc (NASDAQ:MOMO) will post earnings per share (EPS) of $0.50 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Momo’s earnings. Momo reported earnings per share of $0.44 during the same quarter last year, which would suggest a positive year over year growth rate of 13.6%. The company is expected to report its next quarterly earnings report on Tuesday, May 22nd.
According to Zacks, analysts expect that Momo will report full-year earnings of $2.29 per share for the current financial year, with EPS estimates ranging from $2.25 to $2.32. For the next year, analysts anticipate that the firm will report earnings of $2.87 per share, with EPS estimates ranging from $2.86 to $2.88. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Momo.
Momo (NASDAQ:MOMO) last announced its quarterly earnings results on Wednesday, March 7th. The information services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.11. The company had revenue of $386.40 million for the quarter, compared to the consensus estimate of $381.17 million. Momo had a return on equity of 36.58% and a net margin of 24.17%. The firm’s revenue for the quarter was up 57.0% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS.
A number of equities research analysts have recently commented on MOMO shares. JPMorgan Chase & Co. dropped their target price on Momo to $30.00 in a research report on Wednesday, November 29th. TheStreet upgraded Momo from a “c+” rating to a “b-” rating in a report on Monday, December 11th. Benchmark lowered their price objective on Momo from $48.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, November 29th. Deutsche Bank set a $43.00 price objective on Momo and gave the stock a “buy” rating in a report on Tuesday, November 28th. Finally, Jefferies Group reiterated a “buy” rating and issued a $45.00 price objective on shares of Momo in a report on Wednesday, January 24th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $42.08.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Swiss National Bank lifted its stake in Momo by 38.8% in the 3rd quarter. Swiss National Bank now owns 242,486 shares of the information services provider’s stock worth $7,600,000 after purchasing an additional 67,727 shares in the last quarter. KBC Group NV purchased a new position in Momo in the 3rd quarter worth approximately $16,970,000. Stevens Capital Management LP purchased a new position in Momo in the 3rd quarter worth approximately $497,000. JPMorgan Chase & Co. lifted its stake in Momo by 33.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,102,447 shares of the information services provider’s stock worth $165,524,000 after purchasing an additional 1,283,287 shares in the last quarter. Finally, Sumway Development LTD. purchased a new position in Momo in the 3rd quarter worth approximately $367,000. 38.45% of the stock is currently owned by institutional investors and hedge funds.
MOMO stock traded up $1.17 during trading hours on Friday, hitting $39.93. The stock had a trading volume of 4,474,561 shares, compared to its average volume of 5,774,586. Momo has a 52-week low of $22.49 and a 52-week high of $46.69. The firm has a market cap of $7,366.90, a PE ratio of 25.95 and a beta of 1.68.
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Momo Inc is a holding company. The Company operates Momo, a mobile-based social networking platform. The Company’s Momo platform includes its Momo mobile application and a range of related features, functionalities, tools and services that it provides to users, customers and platform partners. Momo users can maintain their relationships through its private and group communication tools, content creation and sharing functions, as well as the offline social activities promoted on its platform.
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