In the latest trading session, JOYY closed at $30.85, marking a -0.39% move from the previous day. This change lagged the S&P 500's daily gain of 0.16%. Meanwhile, the Dow lost 0.42%, and the Nasdaq, a tech-heavy index, added 0.17%.
Prior to today's trading, shares of the social media company had lost 13.15% over the past month. This has lagged the Computer and Technology sector's loss of 8.85% and the S&P 500's loss of 6.79% in that time.
Wall Street will be looking for positivity from JOYY as it approaches its next earnings report date. The company is expected to report EPS of $0.20, up 2100% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $599.7 million, down 9.37% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.37 per share and revenue of $2.64 billion. These totals would mark changes of +3.79% and +0.74%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for JOYY. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. The Zacks Consensus EPS estimate remained stagnant within the past month. JOYY is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, JOYY is currently trading at a Forward P/E ratio of 22.69. For comparison, its industry has an average Forward P/E of 20.36, which means JOYY is trading at a premium to the group.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 200, which puts it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, JOYY closed at $30.85, marking a -0.39% move from the previous day. This change lagged the S&P 500's daily gain of 0.16%. Meanwhile, the Dow lost 0.42%, and the Nasdaq, a tech-heavy index, added 0.17%.
Prior to today's trading, shares of the social media company had lost 13.15% over the past month. This has lagged the Computer and Technology sector's loss of 8.85% and the S&P 500's loss of 6.79% in that time.
Wall Street will be looking for positivity from JOYY as it approaches its next earnings report date. The company is expected to report EPS of $0.20, up 2100% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $599.7 million, down 9.37% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.37 per share and revenue of $2.64 billion. These totals would mark changes of +3.79% and +0.74%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for JOYY. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. The Zacks Consensus EPS estimate remained stagnant within the past month. JOYY is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, JOYY is currently trading at a Forward P/E ratio of 22.69. For comparison, its industry has an average Forward P/E of 20.36, which means JOYY is trading at a premium to the group.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 200, which puts it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.