Earnings Outlook For JOYY
Portfolio Pulse from Benzinga Insights
JOYY (NASDAQ:YY) is scheduled to release its quarterly earnings report on March 18, 2024, with an expected EPS of $0.77. Analysts and investors are keen on whether JOYY will surpass this estimate and provide positive guidance for the next quarter. Despite beating EPS estimates in the past, such outcomes have led to mixed share price reactions. Currently, JOYY shares are trading at $31.87, reflecting a 9.83% increase over the last 52 weeks, indicating a generally positive sentiment among long-term shareholders.
March 15, 2024 | 2:01 pm
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POSITIVE IMPACT
JOYY is expected to report an EPS of $0.77 for the upcoming quarter. Historical performance shows mixed reactions to earnings beats, with the stock currently up 9.83% over the past year.
Given JOYY's history of surpassing EPS estimates and the positive long-term shareholder sentiment reflected in the 9.83% annual stock increase, there's a bullish outlook. However, the mixed reactions to past earnings beats introduce some uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100