Analysts See $0.59 EPS for Momo Inc. (MOMO)

August 13, 2018 - By Benjamin Allen

Analysts expect Momo Inc. (NASDAQ:MOMO) to report $0.59 EPS on August, 28.They anticipate $0.30 EPS change or 103.45 % from last quarter’s $0.29 EPS. MOMO’s profit would be $120.19M giving it 17.92 P/E if the $0.59 EPS is correct. After having $0.63 EPS previously, Momo Inc.’s analysts see -6.35 % EPS growth. The stock increased 1.03% or $0.43 during the last trading session, reaching $42.28. About 2.20M shares traded. Momo Inc. (NASDAQ:MOMO) has risen 1.41% since August 13, 2017 and is uptrending. It has underperformed by 11.16% the S&P500.

Momo Inc. (NASDAQ:MOMO) Ratings Coverage

Among 8 analysts covering Momo Inc (NASDAQ:MOMO), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Momo Inc had 9 analyst reports since February 20, 2018 according to SRatingsIntel. The company was upgraded on Tuesday, July 31 by Standpoint Research. The company was upgraded on Thursday, May 31 by UBS. The company was initiated on Wednesday, March 28 by Morgan Stanley. On Tuesday, February 20 the stock rating was initiated by Citigroup with “Buy”. The stock has “Hold” rating by Standpoint Research on Monday, June 18. Bank of America maintained Momo Inc. (NASDAQ:MOMO) on Monday, March 19 with “Buy” rating.

Momo Inc. operates as a mobile-based social networking platform in the People's Republic of China. The company has market cap of $8.61 billion. The company's platform includes its Momo mobile application and various related features, functionalities, tools, and services that are provided to users, customers, and platform partners. It has a 24.04 P/E ratio. It offers Momo mobile application that enables users to establish and expand their social relationships based on locations and interests; and Hani, a live video application.

More news for Momo Inc. (NASDAQ:MOMO) were recently published by: Nasdaq.com, which released: “China Internet Stocks Are Now Dramatically Undervalued” on July 31, 2018. Fool.com‘s article titled: “Why Momo Inc. Stock Gained 77.7% in the First Half of 2018” and published on July 16, 2018 is yet another important article.

Momo Inc. (NASDAQ:MOMO) Ratings Chart

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