SunTrust's Bob Peck Previews Match Group's Q2 Earnings

"Ahead of the 2Q earnings we believe 1) another ~220 million paid member counts (PMCs) added with a majority from Tinder," Peck wrote in a note.

Peck forecast year-over-year dating margin improving to mid-30s, while continued improvement of mobile conversion, versus desktop, is strengthening turnaround story of legacy sites.

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That said, Peck expects FX headwinds impacting international revenues, which are primarily euro-denominated. Further, the analyst said the company could give commentary around impact of the new Apple Inc. AAPL app store fee and Google (Alphabet Inc GOOG GOOGL)'s reported change.

"We reiterate our Buy rating and establish 2017 year-end PT of $18 from a 2016 year-end PT of $15," Peck added.

Match Group, a provider of dating products, will release its second quarter financials after July 26's market close.

At time of writing, Match Group shares rose 1.34 percent to $15.90.