Momo Inc. (MOMO) Scheduled to Post Earnings on Monday
Momo Inc. (NASDAQ:MOMO) is scheduled to release its earnings data before the market opens on Monday, November 6th. Analysts expect Momo to post earnings of $0.38 per share for the quarter.
Momo (NASDAQ:MOMO) last released its quarterly earnings data on Tuesday, August 22nd. The information services provider reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. Momo had a return on equity of 38.94% and a net margin of 27.00%. The firm had revenue of $312.20 million during the quarter, compared to the consensus estimate of $287.84 million. The firm’s revenue was up 31120.0% compared to the same quarter last year. On average, analysts expect Momo to post $1.46 EPS for the current fiscal year and $2.05 EPS for the next fiscal year.
Momo Inc. (NASDAQ MOMO) traded up 1.26% during trading on Monday, reaching $29.80. The company had a trading volume of 2,871,426 shares. The firm has a market capitalization of $5.88 billion, a P/E ratio of 23.37 and a beta of 1.83. The company has a 50-day moving average of $33.43 and a 200-day moving average of $38.19. Momo Inc. has a 52-week low of $16.73 and a 52-week high of $46.69.
Several equities research analysts recently commented on the company. Zacks Investment Research cut Momo from a “buy” rating to a “hold” rating in a report on Saturday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $54.00 price target on shares of Momo in a report on Tuesday, October 3rd. Vetr raised Momo from a “buy” rating to a “strong-buy” rating and set a $42.17 price target on the stock in a report on Wednesday, September 13th. Goldman Sachs Group, Inc. (The) began coverage on Momo in a report on Wednesday, August 30th. They issued a “buy” rating and a $56.00 price target on the stock. Finally, Standpoint Research began coverage on Momo in a report on Wednesday, August 30th. They issued a “buy” rating and a $44.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Momo presently has an average rating of “Buy” and an average price target of $41.39.
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Momo Company Profile
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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