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.

A number of equities research analysts have commented on the company. Goldman Sachs Group upgraded YY from a “neutral” rating to a “buy” rating and lowered their target price for the company from $117.00 to $108.00 in a report on Thursday. JPMorgan Chase & Co. cut YY from an “overweight” rating to a “neutral” rating and set a $68.05 target price on the stock. in a report on Tuesday, November 27th. BidaskClub cut YY from a “hold” rating to a “sell” rating in a report on Tuesday, November 13th. Benchmark lowered their target price on YY to $106.00 and set a “buy” rating on the stock in a report on Tuesday, November 13th. Finally, Zacks Investment Research cut YY from a “buy” rating to a “hold” rating in a report on Saturday, November 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $119.99.

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.

About YY

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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Earnings History and Estimates for YY (NASDAQ:YY)

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