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JOYY (YY) Dips More Than Broader Markets: What You Should Know
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JOYY (YY - Free Report) closed at $29.02 in the latest trading session, marking a -1.53% move from the prior day. This change lagged the S&P 500's daily loss of 0.6%. Elsewhere, the Dow lost 0.33%, while the tech-heavy Nasdaq lost 2.87%.
Coming into today, shares of the social media company had lost 0.24% in the past month. In that same time, the Computer and Technology sector gained 3.62%, while the S&P 500 gained 6.22%.
JOYY will be looking to display strength as it nears its next earnings release. In that report, analysts expect JOYY to post earnings of $0.23 per share. This would mark a year-over-year decline of 17.86%. Meanwhile, our latest consensus estimate is calling for revenue of $560.88 million, down 10.08% from the prior-year quarter.
Any recent changes to analyst estimates for JOYY should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. JOYY is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that JOYY has a Forward P/E ratio of 18.53 right now. This represents a discount compared to its industry's average Forward P/E of 23.06.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 104, which puts it in the top 42% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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JOYY (YY) Dips More Than Broader Markets: What You Should Know
JOYY (YY - Free Report) closed at $29.02 in the latest trading session, marking a -1.53% move from the prior day. This change lagged the S&P 500's daily loss of 0.6%. Elsewhere, the Dow lost 0.33%, while the tech-heavy Nasdaq lost 2.87%.
Coming into today, shares of the social media company had lost 0.24% in the past month. In that same time, the Computer and Technology sector gained 3.62%, while the S&P 500 gained 6.22%.
JOYY will be looking to display strength as it nears its next earnings release. In that report, analysts expect JOYY to post earnings of $0.23 per share. This would mark a year-over-year decline of 17.86%. Meanwhile, our latest consensus estimate is calling for revenue of $560.88 million, down 10.08% from the prior-year quarter.
Any recent changes to analyst estimates for JOYY should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. JOYY is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that JOYY has a Forward P/E ratio of 18.53 right now. This represents a discount compared to its industry's average Forward P/E of 23.06.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 104, which puts it in the top 42% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.