Match Group Inc. is scheduled to release earnings after Tuesday’s close. The stock just hit a record high of $79.30/share and is currently trading near $75/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:
Match Group is expected to report $0.41/share on $488.63 million in revenue. Meanwhile, the so-called Whisper number is $0.44. The Whisper number is the Street’s unofficial view on earnings.
Company Profile & Various Businesses:
Here is a brief company profile courtesy of Eikon:
Match Group, Inc., incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection. As of March 31, 2017, the Company offered its dating products in 42 languages across more than 190 countries.
The Company competes with other popular online dating sites.
Pay Attention To How The Stock Reacts To The News:
From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news.