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JOYY (YY) Gains But Lags Market: What You Should Know
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JOYY (YY - Free Report) closed the most recent trading day at $30.43, moving +0.66% from the previous trading session. This move lagged the S&P 500's daily gain of 0.83%. Elsewhere, the Dow gained 0.8%, while the tech-heavy Nasdaq added 4.46%.
Coming into today, shares of the social media company had lost 4.85% in the past month. In that same time, the Computer and Technology sector gained 2.72%, while the S&P 500 gained 4.04%.
JOYY will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.23, down 17.86% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $560.88 million, down 10.08% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.32 per share and revenue of $2.36 billion, which would represent changes of -48.03% and -2.1%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for JOYY. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. JOYY is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, JOYY is currently trading at a Forward P/E ratio of 22.9. Its industry sports an average Forward P/E of 23.21, so we one might conclude that JOYY is trading at a discount comparatively.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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JOYY (YY) Gains But Lags Market: What You Should Know
JOYY (YY - Free Report) closed the most recent trading day at $30.43, moving +0.66% from the previous trading session. This move lagged the S&P 500's daily gain of 0.83%. Elsewhere, the Dow gained 0.8%, while the tech-heavy Nasdaq added 4.46%.
Coming into today, shares of the social media company had lost 4.85% in the past month. In that same time, the Computer and Technology sector gained 2.72%, while the S&P 500 gained 4.04%.
JOYY will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.23, down 17.86% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $560.88 million, down 10.08% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.32 per share and revenue of $2.36 billion, which would represent changes of -48.03% and -2.1%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for JOYY. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. JOYY is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, JOYY is currently trading at a Forward P/E ratio of 22.9. Its industry sports an average Forward P/E of 23.21, so we one might conclude that JOYY is trading at a discount comparatively.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.