Wall Street brokerages expect YY Inc (NASDAQ:YY) to report sales of $543.33 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for YY’s earnings, with the lowest sales estimate coming in at $524.31 million and the highest estimate coming in at $562.34 million. YY posted sales of $357.79 million during the same quarter last year, which would indicate a positive year over year growth rate of 51.9%. The company is scheduled to announce its next quarterly earnings results on Tuesday, March 13th.
On average, analysts expect that YY will report full-year sales of $543.33 million for the current fiscal year, with estimates ranging from $1.72 billion to $1.81 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.29 billion per share, with estimates ranging from $2.27 billion to $2.31 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for YY.
YY (NASDAQ:YY) last posted its earnings results on Tuesday, November 14th. The information services provider reported $1.59 EPS for the quarter, topping the consensus estimate of $1.54 by $0.05. The firm had revenue of $464.78 million for the quarter, compared to analyst estimates of $425.44 million. YY had a return on equity of 31.96% and a net margin of 20.38%. YY’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same period last year, the company earned $1.08 earnings per share.
A number of institutional investors and hedge funds have recently modified their holdings of YY. Wells Fargo & Company MN grew its holdings in YY by 7.0% in the second quarter. Wells Fargo & Company MN now owns 9,127 shares of the information services provider’s stock valued at $529,000 after purchasing an additional 597 shares during the period. Teachers Advisors LLC grew its holdings in YY by 11.2% in the second quarter. Teachers Advisors LLC now owns 13,904 shares of the information services provider’s stock valued at $807,000 after purchasing an additional 1,400 shares during the period. Northern Trust Corp grew its holdings in YY by 7.9% in the second quarter. Northern Trust Corp now owns 201,861 shares of the information services provider’s stock valued at $11,714,000 after purchasing an additional 14,809 shares during the period. Parametric Portfolio Associates LLC grew its holdings in YY by 19.0% in the second quarter. Parametric Portfolio Associates LLC now owns 37,257 shares of the information services provider’s stock valued at $2,162,000 after purchasing an additional 5,957 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in YY by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 551,735 shares of the information services provider’s stock valued at $32,012,000 after purchasing an additional 59,473 shares during the period. 56.43% of the stock is currently owned by institutional investors.
Shares of YY (NASDAQ:YY) opened at $128.93 on Tuesday. The company has a market capitalization of $8,130.00, a PE ratio of 20.73, a P/E/G ratio of 0.81 and a beta of 1.38. YY has a 1-year low of $42.90 and a 1-year high of $142.97.
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YY Inc (YY) is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company’s segments include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning.
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