JOYY Earnings Preview
Portfolio Pulse from Benzinga Insights
JOYY (NASDAQ:YY) is set to release its latest quarterly earnings report on May 30, 2023. Analysts estimate an EPS of $0.34. Last quarter, the company beat EPS by $0.41, resulting in a 3.44% increase in share price the next day. Shares are currently trading at $27.67 and are down 33.45% over the last 52-week period.
May 29, 2023 | 2:04 pm
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JOYY is set to release its quarterly earnings report on May 30, 2023, with an estimated EPS of $0.34. Last quarter, the company beat EPS by $0.41, resulting in a 3.44% increase in share price the next day. Shares are currently trading at $27.67 and are down 33.45% over the last 52-week period.
The upcoming earnings report will have a direct impact on JOYY's stock price. If the company beats the estimated EPS of $0.34, it could result in a positive short-term impact on the stock price, similar to the 3.44% increase observed last quarter. However, if the company misses the estimate or provides negative guidance, the stock price could be negatively affected. Given the stock's current downtrend, long-term shareholders may be concerned about the earnings release.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100