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Momo's Q2 Earnings Outlook

Benzinga Newsdesk

Momo (NASDAQ: MOMO) announces its next round of earnings this Tuesday, August 27. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement.

Earnings and Revenue

Momo EPS is expected to be around 72 cents, according to sell-side analysts. Sales will likely be near $574.29 million.

View more earnings on MOMO

Sales would be up 16.19% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter

Q1 2019

Q4 2018

Q3 2018

Q2 2018

EPS Estimate

0.540

0.52

0.53

0.61

EPS Actual

0.620

0.59

0.53

0.66

Stock Performance

Over the last 52-week period, shares are down 27.64%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Momo. The strength of this rating has maintained conviction over the past three months.

Conference Call

Momo is scheduled to hold a conference call at 8:00 a.m. ET and can be accessed here: https://edge.media-server.com/mmc/p/6g98apbs

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