A Preview Of JOYY's Earnings
Portfolio Pulse from Benzinga Insights
JOYY (NASDAQ:YY) is expected to release its quarterly earnings report on Wednesday, 2023-11-29, with analysts predicting an EPS of $0.69. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, JOYY has had mixed reactions to earnings reports, with share price movements ranging from a 0.38% increase to a 7.84% decrease the day after earnings announcements. Shares are currently trading at $39.33, up 29.12% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
November 28, 2023 | 2:02 pm
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JOYY is anticipated to report an EPS of $0.69 in its upcoming earnings, with a history of mixed post-earnings stock performance. Shares have risen 29.12% over the past year, suggesting a positive trend.
Given JOYY's history of beating EPS estimates and the positive year-to-date stock performance, there is a likelihood of a positive short-term impact if the company reports a beat and provides favorable guidance. However, the market's reaction to earnings can be unpredictable, as seen in the historical price changes, which warrants a slightly cautious confidence score.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100