Wall Street Experts Predict Match Group’s Earnings Call

Wall Street analysts have been attempting to predict the outcome of Match Group’s earnings report.

On August 7th, the company will reveal its earnings from Q2. 15 analysts are anticipating an increase of $0.34 per share.

It’s believed there will be an increase in the amount of sales as well. Wall Street expects a 33.47% rise from sales in 2017’s Q2, up to $309.6m

Overall, shareholders can hope for $1.33 profit per share throughout the whole of 2018.

It’s been an eventful few months for Match Group. The announcement of Facebook Dating caused its share prices to tumble dramatically, but its stock has slowly recovered. However, the recovery stalled during late July, the company yet to return to its previous value. 

The recent acquisition of Hinge has initially had a positive effect on Match Group’s position in the market, and could be one of the main reasons for the increase in Q2.

There is some scepticism surrounding the purchase of a majority stake in Hinge. The app, that dubs itself ‘The Anti-Tinder’, could lead to Match Group customers hopping between apps, which would add no significant value to the market price.

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