* Hello Group Inc reported quarterly adjusted earnings of CNY2.64 per share for the quarter ended in December, higher than the same quarter last year, when the company reported EPS of CNY2.46. The mean expectation of six analysts for the quarter was for earnings of CNY2.46 per share. Wall Street expected results to range from CNY2.22 to CNY2.60 per share.
* Revenue fell 6.5% to CNY3.00 billion from a year ago; analysts expected CNY2.91 billion.
* Hello Group Inc's reported EPS for the quarter was CNY1.16.
* The company reported quarterly net income of CNY452.47 million.
* Hello Group Inc shares had risen by 10.4% this quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 2% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the software peer group is also "buy"
Wall Street's median 12-month price target for Hello Group Inc is $9.30 This summary was machine generated from LSEG data March 14 at 01:30 p.m. UTC. All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Dec. 31 2023 2.46 2.64 Beat
Sep. 30 2023 2.49 3.05 Beat
Jun. 30 2023 2.57 3.14 Beat
Mar. 31 2023 1.91 2.36 Beat
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