Is JOYY (YY) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
JOYY beats Q1 estimates: should you buy?
Streaming company JOYY Inc. (NASDAQ:YY) reported its Q1 2024 earnings after market closing on May 28th, exceeding both revenue and earnings expectations. The company's non-GAAP EPADS came in at $1.02, surpassing estimates by $0.21, while revenues reached $564.6 million, beating forecasts by $10.6 million despite a 3.3% year-over-year decline.
JOYY, Inc. (YY) Q1 2024 Earnings Call Transcript
JOYY, Inc. (NASDAQ:YY ) Q1 2024 Earnings Conference Call May 28, 2024 9:00 PM ET Company Participants Jane Xie - IR Senior Manager David Li - Co-Founder, Chairman & CEO Alex Liu - VP, Finance Conference Call Participants Henry Sun - JPMorgan Chase & Co. Alex Poon - Morgan Stanley Lei Zhang - Bank of America Merrill Lynch Yiwen Zhang - China Renaissance Securities Operator Ladies and gentlemen, thank you for standing by, and welcome to the JOYY Inc.'s First Quarter 2024 Earnings Call. [Operator Instructions].
