Match Group Inc reports results for the quarter ended March 31 - Earnings Summary

• Match Group Inc MTCH.OQ reported quarterly adjusted earnings of 44 cents​​ per share for the quarter ended March 31, identical to the same quarter last year. The mean expectation of eighteen analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from 34 cents to 50 cents per share.

• Revenue fell 3.3% to $831.18 million from a year ago; analysts expected $827.54 million.

• Match Group Inc's reported EPS for the quarter was 44 cents​.

• The company reported quarterly net income of $117.57 million.

• Match Group Inc shares had fallen by 2.6% this quarter and lost 7.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy," 14 "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "hold"

• Wall Street's median 12-month price target for Match Group Inc is $35.16

This summary was machine generated from LSEG data May 8 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)