Equities research analysts predict that Momo Inc (NASDAQ:MOMO) will report earnings of $0.51 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Momo’s earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.50. Momo posted earnings per share of $0.44 during the same quarter last year, which suggests a positive year-over-year growth rate of 15.9%. The company is scheduled to announce its next quarterly earnings results on Tuesday, May 22nd.
According to Zacks, analysts expect that Momo will report full year earnings of $2.26 per share for the current year, with EPS estimates ranging from $2.22 to $2.32. For the next financial year, analysts anticipate that the business will post earnings of $2.83 per share, with EPS estimates ranging from $2.74 to $2.88. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Momo.
Momo (NASDAQ:MOMO) last announced its quarterly earnings data on Wednesday, March 7th. The information services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.42 by $0.11. The business had revenue of $386.40 million during the quarter, compared to analyst estimates of $381.17 million. Momo had a return on equity of 36.58% and a net margin of 24.17%. The company’s revenue for the quarter was up 57.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share.
Several large investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. bought a new position in shares of Momo during the fourth quarter valued at $346,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Momo by 26.2% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 30,800 shares of the information services provider’s stock valued at $754,000 after acquiring an additional 6,400 shares in the last quarter. Castleark Management LLC bought a new position in shares of Momo during the fourth quarter valued at $144,000. Macquarie Group Ltd. increased its holdings in shares of Momo by 17.4% during the fourth quarter. Macquarie Group Ltd. now owns 94,300 shares of the information services provider’s stock valued at $5,402,000 after acquiring an additional 14,000 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Momo by 10.7% during the fourth quarter. LPL Financial LLC now owns 27,938 shares of the information services provider’s stock valued at $684,000 after acquiring an additional 2,690 shares in the last quarter. Hedge funds and other institutional investors own 38.33% of the company’s stock.
Shares of Momo stock opened at $36.40 on Wednesday. The firm has a market cap of $7,384.83, a price-to-earnings ratio of 23.79 and a beta of 1.55. Momo has a 12 month low of $22.49 and a 12 month high of $46.69.
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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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