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Strength Seen in Match Group (MTCH): Can Its 6.7% Jump Turn into More Strength?
MTCHMatch Group(MTCH) ZACKS·2024-12-23 14:21

Company Overview - Match Group holds a leadership position in the dating industry with approximately 82 million active users across platforms, including 15 million payers [1] - The company forecasts a 4-6% revenue CAGR and a 300 bps margin expansion from 2025-2027, aiming to generate over 3billioninfreecashflow[1]FinancialPerformanceMatchGroupsconsensusEPSestimateforthequarterhasbeenrevised5.13 billion in free cash flow [1] Financial Performance - Match Group's consensus EPS estimate for the quarter has been revised 5.1% lower over the last 30 days [2] - The company is expected to post quarterly earnings of 0.54 per share, representing a year-over-year change of -33.3% [4] - Revenues are expected to be 857.81million,down1857.81 million, down 1% from the year-ago quarter [4] Stock Performance - Match Group (MTCH) shares soared 6.7% in the last trading session to close at 33.76, with solid volume backing the move [5] - The stock has gained 0.4% over the past four weeks [5] - The stock currently carries a Zacks Rank 3 (Hold) [5] Industry Context - Match Group is a member of the Zacks Internet - Commerce industry [3] - Maplebear (CART), another stock in the same industry, finished the last trading session 0.1% lower at 42.02andhasreturned2.742.02 and has returned -2.7% over the past month [3] - Maplebear's consensus EPS estimate for the upcoming report has changed -1.3% over the past month to 0.36, representing a change of -18.2% from the previous year [7] - Maplebear currently has a Zacks Rank of 2 (Buy) [7] Earnings and Revenue Trends - Trends in earnings estimate revisions are strongly correlated with near-term stock price movements [6] - A negative trend in earnings estimate revisions for Match Group doesn't usually translate into price appreciation [2]