Match Group, Inc. (MTCH): The Earnings Game

33 days have passed by since the last earnings report for Match Group, Inc. (NASDAQ:MTCH) and the new quarterly results look set to arrive in 59 days. The shares of MTCH at the moment are trading at a volume of 1.96 million, which compares with its normal daily standard volume of 2108763 shares. This has led to the shares of the company declining by -0.33%, currently exchanging hands at $81.47 a share. MTCH stock has been up by $13.85 (-14.53%) ever since it reached its 52-week high of $95.32 back in August 07, 2019. It has progressed above its 50-day moving average of $81.34 and is down -4.82% over the past week. The stock has added 10.2% since the last one arrived so the question here is that will the upbeat trend in that time frame continue leading up to its next earnings release, or is the MTCH share price due for a correction?

Match Group, Inc. (MTCH) Forecasts And Latest Quarter Earnings

Ahead of their fiscal third-quarter to be released on Wednesday, Nov 06, 2019, 17 analysts who are covering the company are estimating that it will record a profit of $0.41 per share, with analysts having different outlooks from $0.38 to $0.48. The current agreed outlook, when compared to the profit recorded last year, is at $0.39 a share, thus an increase of 5.13% is expected. The profit view for a complete financial year for Match Group, Inc. is expected to be around $1.74 in current year, a decline of nearly 16.78% from last year which was $1.49.

Analyzing The Earnings History Of Match Group, Inc. (NASDAQ:MTCH)

In the past few years, the MTCH stock has been known to miss the Wall Street’s earnings projection. The company missed 33% of the time, according to the data pulled on their earnings, was able to meet predictions on 1 occasions and topped expectations 7 times. Looking at the past trend, the price of Match Group, Inc. shares had risen following the release of their earnings in 8 of the last 14 quarters.

Looking back, here is how Match Group, Inc. (MTCH) stock reacted to earnings misses and beats. It gave investors reason to be bullish with the price going down after 1 of the last four earnings reports. The shares of Match Group, Inc. recorded 24.16%, 12.44%, 5.05% and -17%, respectively, on the first day of past earnings releases. After a week of earnings reports, the changes were 9.05%, 12.51%, 8.57% and -18.83%. Their post-earnings price movements have resulted in an average increase of 6.16% and an average increase of 2.83% in Match Group, Inc. on next day and 7th day, sequentially. MTCH’s one month stock performance led to its shares declining by -11.22% with a return of 69.4% witnessed over the last 52 weeks.

Match Group, Inc. (MTCH) Post Earnings Announcement Drift (PEAD)

Back on August 06, 2019, Match Group, Inc. (NASDAQ:MTCH) released its Q2 results, in which it recorded EPS of $0.43 that exceeded consensus estimates of $0.4. After the earnings were reported, the price of MTCH stock kicked off the session at $82.32 and remained in a range of $85.47 to $95.32 on the first day. The shares were priced at $91.77 at the close with a total volume of shares being 14540168.

On May 07, 2019, the Q1 earnings report was disclosed with EPS of $0.42. This was above the estimation of $0.31 per share. The stock price range of MTCH was between $63.29 and $68.75 on the first-day post announcement, after opening the day at $62.6. The session came to close at $67.88 and there was a total volume of 7193537 shares.

February 06, 2019 was the day when its Q4 results were unveiled. The earnings came in at $0.43, beating the projected $0.38 per share. The very next day, MTCH stock opened at $55.2 while staying in a range of $57.9 to $60.91. At the end, it moved to $55.76 a total volume of shares been 9679378.

In the year-ago Q3 earnings on November 06, 2018, the company saw profit per share of $0.39. That was better than the $0.36 analysts had expected. Match Group, Inc. share price started at $40.76 on the first full trading day post-earning and then exchanged hands between $43.93 and $44 throughout the session. The closing price of $42.72 came on the back of 15526314 shares in volume.