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HUYA Inc. Sponsored ADR (HUYA) Flat As Market Gains: What You Should Know
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HUYA Inc. Sponsored ADR (HUYA - Free Report) ended the recent trading session at $4.41, demonstrating no swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.87%. At the same time, the Dow added 0.67%, and the tech-heavy Nasdaq gained 1.11%.
Coming into today, shares of the company had lost 0.9% in the past month. In that same time, the Computer and Technology sector lost 5.98%, while the S&P 500 lost 3.97%.
Market participants will be closely following the financial results of HUYA Inc. Sponsored ADR in its upcoming release. The company is predicted to post an EPS of $0.04, indicating a 20% decline compared to the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.15 per share and revenue of $875.22 million, indicating changes of +114.29% and -10.36%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for HUYA Inc. Sponsored ADR. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 283.33% higher within the past month. HUYA Inc. Sponsored ADR is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, HUYA Inc. Sponsored ADR is holding a Forward P/E ratio of 29.4. This signifies a premium in comparison to the average Forward P/E of 23.55 for its industry.
The Internet - Software and Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 42, positioning it in the top 17% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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HUYA Inc. Sponsored ADR (HUYA) Flat As Market Gains: What You Should Know
HUYA Inc. Sponsored ADR (HUYA - Free Report) ended the recent trading session at $4.41, demonstrating no swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.87%. At the same time, the Dow added 0.67%, and the tech-heavy Nasdaq gained 1.11%.
Coming into today, shares of the company had lost 0.9% in the past month. In that same time, the Computer and Technology sector lost 5.98%, while the S&P 500 lost 3.97%.
Market participants will be closely following the financial results of HUYA Inc. Sponsored ADR in its upcoming release. The company is predicted to post an EPS of $0.04, indicating a 20% decline compared to the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.15 per share and revenue of $875.22 million, indicating changes of +114.29% and -10.36%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for HUYA Inc. Sponsored ADR. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 283.33% higher within the past month. HUYA Inc. Sponsored ADR is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, HUYA Inc. Sponsored ADR is holding a Forward P/E ratio of 29.4. This signifies a premium in comparison to the average Forward P/E of 23.55 for its industry.
The Internet - Software and Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 42, positioning it in the top 17% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.