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Hello Group Inc. (MOMO) Q4 2023 Earnings Call Transcript

BEIJING , Feb. 22, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ: MOMO) (the "Company"), a leading mobile social and entertainment platform in China, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023 before U.S. markets open on Thursday, March 14, 2024. Hello Group's management will host an earnings conference call on Thursday, March 14, 2024, at 8:00 a.m.

Hello Group's cost-cutting initiatives are working miracles for earnings. Top-line growth will likely stabilize due to new apps gaining traction and the potential revamp of Tantan. Management can repurchase shares to drive EPS growth despite declines in revenue.

Hello Group Inc. Sponsored ADR (MOMO) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Hello Group (MOMO) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

From a technical perspective, Hello Group Inc. Sponsored ADR (MOMO) is looking like an interesting pick, as it just reached a key level of support. MOMO recently overtook the 50-day moving average, and this suggests a short-term bullish trend.

From a technical perspective, Hello Group Inc. Sponsored ADR (MOMO) is looking like an interesting pick, as it just reached a key level of support. MOMO recently overtook the 20-day moving average, and this suggests a short-term bullish trend.

The average of price targets set by Wall Street analysts indicates a potential upside of 99.9% in Hello Group Inc. Sponsored ADR (MOMO). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Hello Group Inc. Sponsored ADR (MOMO) came out with quarterly earnings of $0.42 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.37 per share a year ago.

BEIJING , Nov. 17, 2023 /PRNewswire/ -- Hello Group Inc. (NASDAQ: MOMO) (the "Company"), a leading mobile social and entertainment platform in China, today announced that it will release its unaudited financial results for the third quarter ended September 30, 2023 before U.S. markets open on Friday, December 8, 2023. Hello Group's management will host an earnings conference call on Friday, December 8, 2023, at 7:00 a.m.