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Hello Group Inc. Sponsored ADR (MOMO) Lags Q4 Earnings and Revenue Estimates
Hello Hello (US:MOMO) Zacks Investment Researchยท2024-03-14 12:06

Company Performance - Hello Group Inc. Sponsored ADR reported quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.40 per share, representing an earnings surprise of -7.50% [1] - The company posted revenues of $422.95 million for the quarter, missing the Zacks Consensus Estimate by 5.44%, compared to revenues of $465.79 million a year ago [1] - Over the last four quarters, Hello Group has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [1] Future Outlook - The current consensus EPS estimate for the coming quarter is $0.39 on revenues of $366.65 million, and for the current fiscal year, it is $1.63 on revenues of $1.58 billion [4] - The estimate revisions trend for Hello Group is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] Industry Context - The Internet - Software industry, to which Hello Group belongs, is currently in the top 18% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - KORE Group Holdings, another company in the same industry, is expected to report a quarterly loss of $0.18 per share, with a significant downward revision of 59.2% in the consensus EPS estimate over the last 30 days [5]