Momo Inc. (NASDAQ:MOMO) to Release Earnings on Tuesday
Momo Inc. (NASDAQ:MOMO) is scheduled to post its quarterly earnings results before the market opens on Tuesday, August 22nd. Analysts expect Momo to post earnings of $0.28 per share for the quarter.
Momo (NASDAQ:MOMO) last released its quarterly earnings data on Tuesday, May 23rd. The information services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.12. The business had revenue of $265.20 million for the quarter, compared to analysts’ expectations of $245.48 million. Momo had a return on equity of 36.36% and a net margin of 28.59%. Momo’s revenue for the quarter was up 421.0% compared to the same quarter last year. On average, analysts expect Momo to post $1.57 EPS for the current fiscal year and $2.20 EPS for the next fiscal year.
Momo Inc. (MOMO) opened at 44.57 on Tuesday. Momo Inc. has a 52-week low of $14.88 and a 52-week high of $46.69. The company has a 50-day moving average price of $41.82 and a 200 day moving average price of $36.06.
Several equities analysts recently issued reports on MOMO shares. Vetr raised shares of Momo from a “hold” rating to a “buy” rating and set a $46.24 price objective on the stock in a report on Monday, May 22nd. BOCOM International Holdings started coverage on shares of Momo in a report on Monday, May 8th. They set a “buy” rating and a $46.00 price objective on the stock. Deutsche Bank AG raised shares of Momo from a “hold” rating to a “buy” rating and lifted their price objective for the company from $30.00 to $52.00 in a report on Wednesday, May 24th. J P Morgan Chase & Co lowered shares of Momo from an “overweight” rating to a “neutral” rating and set a $44.00 price objective on the stock. in a report on Wednesday, May 24th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $52.00 price objective (up from $42.00) on shares of Momo in a report on Wednesday, May 24th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $39.95.
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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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