JOYY (NASDAQ:YY) is preparing to release its quarterly earnings on Tuesday, 2024-11-26. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect JOYY to report an earnings per share (EPS) of $0.94.
Investors in JOYY are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
Performance in Previous Earnings
In the previous earnings release, the company beat EPS by $0.28, leading to a 3.1% increase in the share price the following trading session.
Here's a look at JOYY's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.89 | 0.81 | 0.77 | 0.69 |
| EPS Actual | 1.17 | 1.02 | 1.01 | 1.22 |
| Price Change % | 3.0% | -4.0% | -6.0% | -0.0% |
Performance of JOYY Shares
Shares of JOYY were trading at $33.91 as of November 22. Over the last 52-week period, shares are down 11.86%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
To track all earnings releases for JOYY visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
