Match Group, Inc. (NASDAQ:MTCH) is set to announce third quarter earning results on Wednesday 4th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, MTCH to report 3Q20 income of $ 0.44 per share.
For the full year, analysts anticipate top line of $ 2332.07 million, while looking forward to income of $ 1.97 per share bottom line.
Previous Quarter Performance
Match Group, Inc. reported income for the second quarter of $ 0.51 per share, from the revenue of $ 555.45 million. The quarterly earnings up 18.60 percent while revenues increased 13.60 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.43 per share from $ 537.06 million in revenue. The bottom line results beat street analysts by $ 0.08 or 18.60 percent, at the same time, top line results outshined analysts by $ 18.39 million or 3.42 percent.
Stock Performance
Shares of Match Group, Inc. traded up $ 2.65 or 2.23 percent on Tuesday, reaching $ 121.63 with volume of 3.39 million shares. Match Group, Inc. has traded high as $ 123.23 and has cracked $ 117.68 on the downward trend
According to the previous trading day, closing price of $ 121.63, representing a 234.40 % increase from the 52 week low of $ 35.58 and a 6.62 % decrease over the 52 week high of $ 127.42.
The company has a market capital of $ 31.63 billion and is part of the Technology sector and Internet Content & Information industry.
Recent Analyst recommendations
- On 17th September 2020, maintained by Morgan Stanley at Overweight rating, with $ 151.00 target price.
- On 15th September 2020, initiated by KeyBanc at Overweight rating, with $ 138.00 target price.
Match Group, Inc. provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands.
