YY Inc (YY) Expected to Announce Quarterly Sales of $666.61 Million
Brokerages forecast that YY Inc (NASDAQ:YY) will report sales of $666.61 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for YY’s earnings, with the highest sales estimate coming in at $694.35 million and the lowest estimate coming in at $638.87 million. YY reported sales of $557.39 million during the same quarter last year, which indicates a positive year-over-year growth rate of 19.6%. The company is expected to announce its next earnings results on Monday, March 4th.
On average, analysts expect that YY will report full year sales of $2.28 billion for the current fiscal year, with estimates ranging from $2.23 billion to $2.35 billion. For the next year, analysts expect that the business will post sales of $2.76 billion, with estimates ranging from $2.63 billion to $2.95 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for YY.
YY (NASDAQ:YY) last announced its earnings results on Monday, November 12th. The information services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. The firm had revenue of $597.00 million for the quarter, compared to analysts’ expectations of $577.38 million. YY had a return on equity of 19.64% and a net margin of 14.07%. During the same quarter in the prior year, the firm earned $1.59 EPS.
Several hedge funds have recently bought and sold shares of YY. First Hawaiian Bank acquired a new stake in shares of YY during the third quarter worth $151,000. D.A. Davidson & CO. acquired a new stake in shares of YY during the third quarter worth $205,000. Crossmark Global Holdings Inc. acquired a new stake in shares of YY during the second quarter worth $212,000. Stevens Capital Management LP acquired a new stake in shares of YY during the second quarter worth $212,000. Finally, Comerica Bank boosted its holdings in shares of YY by 42.8% during the third quarter. Comerica Bank now owns 3,599 shares of the information services provider’s stock worth $218,000 after purchasing an additional 1,079 shares during the last quarter. Institutional investors and hedge funds own 57.45% of the company’s stock.
Shares of NASDAQ:YY opened at $62.66 on Wednesday. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 9.73, a P/E/G ratio of 0.43 and a beta of 0.89. YY has a one year low of $56.65 and a one year high of $142.97.
YY Inc, through its subsidiaries, engages in the live streaming business in the People's Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; and Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.
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