Match Group, Inc. (NASDAQ:MTCH) is reporting second quarter financial results on Tuesday 4th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, MTCH is expected to report 2Q20 income of $ 0.43 per share from revenue of $ 537.06 million.
For the full year, analysts anticipate top line of $ 2251.50 million, while looking forward to income of $ 1.98 per share bottom line.
Previous Quarter Performance
Match Group, Inc. unveiled income for the first quarter of $ 0.55 per share, from the revenue of $ 544.64 million. The quarterly earnings elevated 30.95 percent while revenues increased 17.45 percent compared with the same quarter last year.
Street analysts expected Match Group, Inc. to report income of $ 0.34 per share on revenue of $ 544.94 million for the first quarter. The bottom line results beat street analysts by $ 0.21 or 61.76 percent, at the same time, top line results fell short of analysts by $ 0.3 million or 0.06 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MTCH was $ 110.41, representing a 146.78 % increase from the 52 week low of $ 44.74 and a 0.4 % decrease over the 52 week high of $ 110.85.
The company has a market capital of $ 28.59 billion and is part of the Technology sector and Internet Content & Information industry.
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Recent Analyst recommendations
- On 23rd June 2020, maintained by BMO Capital Markets at Market Perform rating, with $ 95.00 target price.
- On 9th June 2020, initiated by Morgan Stanley at Overweight rating.
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.
