Hello Group Inc reports results for the quarter ended September 30 - Earnings Summary

• Hello Group Inc MOMO.OQ reported quarterly adjusted earnings of CNY2.70​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of CNY3.05. The mean expectation of four analysts for the quarter was for earnings of CNY1.86 per share. Wall Street expected results to range from CNY1.59 to CNY2.10 per share.

• Revenue fell 12.1% to CNY2.67 billion from a year ago; analysts expected CNY2.60 billion.

• Hello Group Inc's reported EPS for the quarter was CNY2.46​.

• The company reported quarterly net income of CNY449.37 million.

• Hello Group Inc shares had fallen by 11.0% this quarter and gained 6.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.7% 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 "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 7 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the software peer group is also "hold"

Wall Street's median 12-month price target for Hello Group Inc is $7.00

This summary was machine generated from LSEG data December 9 at 02:30 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)