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JOYY (YY) Set to Report Q3 Earnings: What's in the Cards?

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JOYY (YY - Free Report) is set to release third-quarter fiscal 2021 results on Nov 17.

For third-quarter 2021, JOYY expects revenues between $608 million and $635 million, which indicates year-over-year growth in the range of 13.7%-18.7%.

The Zacks Consensus Estimate for third-quarter earnings is currently pegged at 3 cents per share, unchanged over the past 30 days. JOYY had reported earnings of $1.31 in the year-ago quarter.

Let’s see how things have shaped up for JOYY prior to this announcement.

Factors to Note

JOYY’s upcoming third-quarter 2021 results are expected to have benefited from Bigo Live’s robust performance. The company has been riding on strong demand for user-hosted live-streaming sessions as well as user-created short-form videos.
 

JOYY Inc. Sponsored ADR Price and EPS Surprise

JOYY Inc. Sponsored ADR Price and EPS Surprise

JOYY Inc. Sponsored ADR price-eps-surprise | JOYY Inc. Sponsored ADR Quote

 

Overseas expansion and plans to expand its footprint into global live-streaming and short video markets are expected to have aided JOYY's top-line growth in the to-be-reported quarter.

Solid adoption of Likee is anticipated to have driven BIGO’s top-line growth in the to-be-reported quarter.

JOYY’s expanding partner base, which includes the likes of gaming companies, TV show producers and entertainment agencies, has helped it attract high-quality live streamers and content creators to its platform. This has helped JOYY launch premium video content that is expected to have attracted new audience to the platform.

However, the Indian government’s measures to block Chinese-owned apps in its local market are expected to have hampered user growth. Moreover, lifting of pandemic-related restrictions is expected to have reduced users’ online social entertainment activities. This is expected to have hurt top-line growth in the to-be-reported quarter.

What Our Model Indicates

Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.

JOYY has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Stocks to Consider

Here are some companies worth considering as per our model, as these have the right combination of elements to beat on earnings this reporting cycle:

Applied Materials (AMAT - Free Report) has an Earnings ESP of +0.52% and a Zacks Rank #3.You can see the complete list of today’s Zacks #1 Rank stocks here.

Applied Materials’ shares have returned 81.1% year to date compared with the Zacks Semiconductor Equipment - Wafer Fabrication industry’s growth of 66.5% and the Computer & Technology sector’s return of 27.9% year to date.

Agilent Technologies (A - Free Report) has an Earnings ESP of +0.61% and a Zacks Rank of 3.

Agilent shares have returned 33.1% year to date compared with the Zacks Electronics- Testing Equipment industry’s growth of 17.3%. Agilent has outperformed the Computer & Technology sector’s return of 27.9% year to date.

Intuit (INTU - Free Report) has an Earnings ESP of +1.87% and a Zacks Rank of 3.

Intuit shares have returned 64.8% year to date compared with the Zacks Computer Software industry’s growth of 42.3%. Intuit has outperformed the Computer & Technology sector’s return of 27.9% year to date.

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