Per Reuters, Match Group’s Tinder also concluded filming on first television series with multiple episodes revolving around an “apocalyptic” storyline, in late August. Increasing expenditure on product enhancements with innovative initiatives amid competition from Facebook’s FB Facebook Dating is likely to have impacted profitability in the third quarter. Notably, the social-media giant rolled out Facebook Dating in the United States in September, 2019.
What Our Model Says
According to the Zacks model, a combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
Although Match Group has a Zacks Rank #2, an Earnings ESP of 0.00% makes surprise prediction difficult. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a couple of stocks that you may consider, as our proven model shows that these have the right combination of elements to post an earnings beat this quarter.
Activision Blizzard, Inc ATVI has an Earnings ESP of +24.30% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
iHeartMedia, Inc. IHRT has an Earnings ESP of +3.17% and a Zacks Rank #2.
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Click to get this free report Match Group, Inc. (MTCH) : Free Stock Analysis Report Facebook, Inc. (FB) : Free Stock Analysis Report Activision Blizzard, Inc (ATVI) : Free Stock Analysis Report iHeartMedia, Inc. (IHRT) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research