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JOYY (YY) Gains As Market Dips: What You Should Know
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JOYY (YY - Free Report) closed the most recent trading day at $40.49, moving +0.92% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.72%. Meanwhile, the Dow lost 0.56%, and the Nasdaq, a tech-heavy index, added 0.33%.
Prior to today's trading, shares of the social media company had lost 12.92% over the past month. This has lagged the Computer and Technology sector's loss of 10.02% and the S&P 500's loss of 6.24% in that time.
Investors will be hoping for strength from JOYY as it approaches its next earnings release. The company is expected to report EPS of $0.13, up 144.83% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $775.2 million, up 33.69% from the year-ago period.
Investors might also notice recent changes to analyst estimates for JOYY. 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.
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.
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 currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, JOYY is currently trading at a Forward P/E ratio of 37.49. This valuation marks a premium compared to its industry's average Forward P/E of 21.97.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 195, which puts it in the bottom 24% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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JOYY (YY) Gains As Market Dips: What You Should Know
JOYY (YY - Free Report) closed the most recent trading day at $40.49, moving +0.92% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.72%. Meanwhile, the Dow lost 0.56%, and the Nasdaq, a tech-heavy index, added 0.33%.
Prior to today's trading, shares of the social media company had lost 12.92% over the past month. This has lagged the Computer and Technology sector's loss of 10.02% and the S&P 500's loss of 6.24% in that time.
Investors will be hoping for strength from JOYY as it approaches its next earnings release. The company is expected to report EPS of $0.13, up 144.83% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $775.2 million, up 33.69% from the year-ago period.
Investors might also notice recent changes to analyst estimates for JOYY. 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.
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.
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 currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, JOYY is currently trading at a Forward P/E ratio of 37.49. This valuation marks a premium compared to its industry's average Forward P/E of 21.97.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 195, which puts it in the bottom 24% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.