We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
YY (YY) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, YY (YY - Free Report) closed at $71.03, marking a -0.01% move from the previous day. This move lagged the S&P 500's daily gain of 0.95%. Elsewhere, the Dow gained 0.94%, while the tech-heavy Nasdaq added 0.8%.
Heading into today, shares of the social media company had gained 5.71% over the past month, outpacing the Computer and Technology sector's gain of 0.95% and the S&P 500's gain of 2.47% in that time.
YY will be looking to display strength as it nears its next earnings release. On that day, YY is projected to report earnings of $1.65 per share, which would represent a year-over-year decline of 18.72%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $881.45 million, up 54.58% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.72 per share and revenue of $3.22 billion, which would represent changes of -5.75% and +36.35%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for YY. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. YY is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, YY is currently trading at a Forward P/E ratio of 10.57. For comparison, its industry has an average Forward P/E of 26.83, which means YY is trading at a discount to the group.
It is also worth noting that YY currently has a PEG ratio of 0.74. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Content was holding an average PEG ratio of 0.95 at yesterday's closing price.
The Internet - Content industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 84, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
YY (YY) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, YY (YY - Free Report) closed at $71.03, marking a -0.01% move from the previous day. This move lagged the S&P 500's daily gain of 0.95%. Elsewhere, the Dow gained 0.94%, while the tech-heavy Nasdaq added 0.8%.
Heading into today, shares of the social media company had gained 5.71% over the past month, outpacing the Computer and Technology sector's gain of 0.95% and the S&P 500's gain of 2.47% in that time.
YY will be looking to display strength as it nears its next earnings release. On that day, YY is projected to report earnings of $1.65 per share, which would represent a year-over-year decline of 18.72%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $881.45 million, up 54.58% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.72 per share and revenue of $3.22 billion, which would represent changes of -5.75% and +36.35%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for YY. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. YY is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, YY is currently trading at a Forward P/E ratio of 10.57. For comparison, its industry has an average Forward P/E of 26.83, which means YY is trading at a discount to the group.
It is also worth noting that YY currently has a PEG ratio of 0.74. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Content was holding an average PEG ratio of 0.95 at yesterday's closing price.
The Internet - Content industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 84, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.