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JOYY (YY) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, JOYY (YY - Free Report) closed at $53.11, marking a +0.63% move from the previous day. This change outpaced the S&P 500's 0.09% gain on the day. Elsewhere, the Dow lost 0.16%, while the tech-heavy Nasdaq added 0.24%.
Coming into today, shares of the social media company had gained 4.1% in the past month. In that same time, the Computer and Technology sector lost 5.27%, while the S&P 500 lost 4.02%.
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 $0.13, up 144.83% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $897.98 million, up 54.86% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for JOYY. These recent revisions tend to reflect the evolving nature of short-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.
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. Within the past 30 days, our consensus EPS projection remained stagnant. JOYY is currently a Zacks Rank #3 (Hold).
Digging into valuation, JOYY currently has a Forward P/E ratio of 49.33. This represents a premium compared to its industry's average Forward P/E of 26.32.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 181, putting it in the bottom 29% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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JOYY (YY) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, JOYY (YY - Free Report) closed at $53.11, marking a +0.63% move from the previous day. This change outpaced the S&P 500's 0.09% gain on the day. Elsewhere, the Dow lost 0.16%, while the tech-heavy Nasdaq added 0.24%.
Coming into today, shares of the social media company had gained 4.1% in the past month. In that same time, the Computer and Technology sector lost 5.27%, while the S&P 500 lost 4.02%.
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 $0.13, up 144.83% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $897.98 million, up 54.86% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for JOYY. These recent revisions tend to reflect the evolving nature of short-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.
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. Within the past 30 days, our consensus EPS projection remained stagnant. JOYY is currently a Zacks Rank #3 (Hold).
Digging into valuation, JOYY currently has a Forward P/E ratio of 49.33. This represents a premium compared to its industry's average Forward P/E of 26.32.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 181, putting it in the bottom 29% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.