Earnings Report: Here’s what to expect from Momo Stock Forecast, Price & News (NASDAQ:MOMO)

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Earnings results for Momo Stock Forecast, Price & News (NASDAQ:MOMO)

Momo Inc. is expected* to report earnings on 09/03/2020 before market open. The report will be for the fiscal Quarter ending Jun 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.33. The reported EPS for the same quarter last year was $0.5.

Momo last announced its earnings data on May 28th, 2020. The information services provider reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $3.00. The company earned $3.59 billion during the quarter, compared to analyst estimates of $3.48 billion. Its revenue was down 3.5% on a year-over-year basis. Momo has generated $1.94 earnings per share over the last year and currently has a price-to-earnings ratio of 9.6. Momo has confirmed that its next quarterly earnings report will be published on Thursday, September 3rd, 2020.

Analyst Opinion on Momo Stock Forecast, Price & News (NASDAQ:MOMO)

7 Wall Street analysts have issued ratings and price targets for Momo in the last 12 months. Their average twelve-month price target is $30.10, predicting that the stock has a possible upside of 51.18%. The high price target for MOMO is $35.00 and the low price target for MOMO is $22.00. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Momo has received a consensus rating of Buy. The company’s average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $30.10, Momo has a forecasted upside of 51.2% from its current price of $19.91. Momo has received no research coverage in the past 90 days.

Dividend Strength: Momo Stock Forecast, Price & News (NASDAQ:MOMO)

Momo does not currently pay a dividend. Momo does not have a long track record of dividend growth.

Insiders buying/selling: Momo Stock Forecast, Price & News (NASDAQ:MOMO)

In the past three months, Momo insiders have not sold or bought any company stock. 61.40% of the stock of Momo is held by insiders. A high percentage of insider ownership can be a sign of company health. 55.48% of the stock of Momo is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Momo Stock Forecast, Price & News (NASDAQ:MOMO

Earnings for Momo are expected to grow by 41.28% in the coming year, from $1.72 to $2.43 per share. The P/E ratio of Momo is 9.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.39. The P/E ratio of Momo is 9.62, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 62.74. Momo has a PEG Ratio of 0.94. PEG Ratios below 1 indicate that a company could be undervalued. Momo has a P/B Ratio of 2.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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