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Momo Inc. - American Depositary Shares (NASDAQ:MOMO) unveils its next round of earnings this Wednesday. Get prepared with Benzinga's ultimate preview for Momo's Q2 earnings.
Earnings and Revenue
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Based on Momo management projections, analysts predict EPS of 61 cents on revenue of $480.61 million.
Momo earnings in the same period a year ago was 35 cents. Quarterly sales came in at $312.22 million. The analyst consensus estimate would represent a 74.29 percent increase in the company's EPS figure. Sales would be have grown 53.93 percent from the same quarter last year. The company's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2018 | Q4 2017 | Q3 2017 | Q2 2017 |
| EPS Estimate | 0.5 | 0.46 | 0.38 | 0.31 |
| EPS Actual | 0.69 | 0.53 | 0.45 | 0.35 |
Stock Performance
Over the last 52-week period, shares are down 10.31 percent. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release. Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The most common rating from analysts on Momo stock is a Neutral. 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 it can be accessed here: http://ir.immomo.com/phoenix.zhtml?c=253834&p=irol-irhome
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.