JOYY (YY) Expected to Announce Earnings on Wednesday

JOYY (NASDAQ:YY) is projected to post its quarterly earnings results before the market opens on Wednesday, March 19th. Analysts expect JOYY to post earnings of $0.65 per share and revenue of $77.02 million for the quarter.

JOYY Price Performance

YY stock opened at $49.09 on Tuesday. The firm has a market cap of $2.64 billion, a PE ratio of 14.83 and a beta of 0.21. JOYY has a 12 month low of $27.88 and a 12 month high of $55.31. The firm has a 50 day simple moving average of $45.56 and a 200 day simple moving average of $39.79.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. StockNews.com lowered JOYY from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Benchmark upgraded JOYY from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th.

About JOYY

JOYY Inc, together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video-based social platforms. It operates through two segments, BIGO and All Other. The company operates Bigo Live, a social live streaming platform, that provides an interactive online stage for users to host and watch live streaming sessions, share their life moments, showcase their talents, and interact with people worldwide; Likee, a short-form video social platform, which enables users to discover, create, and share short videos, with video creation tools and personalized feeds; imo, an instant messenger platform, that provides audio and video communication services; Hago, a social networking platform that offers casual games integrating social features, such as audio and video multi-user chatrooms and 3D virtual interactive party games; and Shopline, a smart commerce platform, that provides solutions and services to enable merchants in creating and growing their brands online and reach customers through various sales channels, including e-commerce platforms, social commerce, and physical retail stores.