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Can YY Inc. (YY) Run Higher on Strong Earnings Estimate Revisions?
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YY Inc. (YY - Free Report) is a live streaming platform that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on YY’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that YY Inc. could be a solid choice for investors.
Current Quarter Estimates for YY
In the past 30 days, one estimate has gone higher for YY Inc. while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from $1.01 a share 30 days ago, to $1.34 today, a move of 32.7%.
Current Year Estimates for YY
Meanwhile, YY Inc.’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $4.24 per share 30 days ago to $5.15 per share today, an increase of 21.5%.
The stock has also started to move higher lately, adding 17% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
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Can YY Inc. (YY) Run Higher on Strong Earnings Estimate Revisions?
YY Inc. (YY - Free Report) is a live streaming platform that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on YY’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that YY Inc. could be a solid choice for investors.
Current Quarter Estimates for YY
In the past 30 days, one estimate has gone higher for YY Inc. while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from $1.01 a share 30 days ago, to $1.34 today, a move of 32.7%.
Current Year Estimates for YY
Meanwhile, YY Inc.’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $4.24 per share 30 days ago to $5.15 per share today, an increase of 21.5%.
YY Inc. Price and Consensus
YY Inc. Price and Consensus | YY Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 17% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>