Factors Likely to Have Influenced Earnings Results Momo (NASDAQ:MOMO)

Earnings results for Momo (NASDAQ:MOMO)

Momo Inc. is estimated to report earnings on 05/27/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.23. The reported EPS for the same quarter last year was $0.34.

Momo last posted its quarterly earnings data on March 24th, 2021. The information services provider reported $3.72 EPS for the quarter, topping the consensus estimate of $2.72 by $1.00. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.68 billion. Its revenue was down 19.0% on a year-over-year basis. Momo has generated $1.48 earnings per share over the last year and currently has a price-to-earnings ratio of 10.1. Momo has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, May 27th, 2021 based off prior year’s report dates.

Analyst Opinion on Momo (NASDAQ:MOMO)

12 Wall Street analysts have issued ratings and price targets for Momo in the last 12 months. Their average twelve-month price target is $23.26, predicting that the stock has a possible upside of 63.77%. The high price target for MOMO is $35.00 and the low price target for MOMO is $15.00. There are currently 1 sell rating, 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Momo has received a consensus rating of Hold. The company’s average rating score is 2.33, and is based on 5 buy ratings, 6 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $23.26, Momo has a forecasted upside of 63.8% from its current price of $14.20. Momo has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Momo (NASDAQ:MOMO)

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

Insiders buying/selling: Momo (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. 63.02% 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 (NASDAQ:MOMO

Earnings for Momo are expected to grow by 13.79% in the coming year, from $1.16 to $1.32 per share. The P/E ratio of Momo is 10.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 22.68. The P/E ratio of Momo is 10.07, 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 48.04. Momo has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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