Here at Zacks, we try to focus on our most tried and true financial metrics to help investors identify winning stocks. And of all the vital stock picking information that we suggest, we try to highlight the importance of earnings estimate revisions.
With that said, we also understand that investors like to test the stock picking waters in a multitude of fashions, including the search for international companies on the rise.
As many investors are not as informed about companies that operate outside of the U.S., we strive to provide you some insights into international firms—especially when they see their stock prices pop.
Now, let’s take a look at three international companies that soared today.
YY Inc. YY
One day after YY Inc. reported third-quarter profits of $95.6 million, investors seem to be more confident than ever, helping its shares soar nearly 24.83% today. YY Inc. also crushed revenue projections and posted massive year-over-year sales growth. Shares of this Chinese social communication platform, which allows users to communicate via voice, text, and video, had already skyrocketed 126% in 2017. With today’s jump, YY Inc. shares hit a new all-time intraday trading high of $111.52 per share.
Ryanair Holdings plc RYAAY
Shares of the low-cost Dublin-based airline carrier jumped over 2.20% today to hit $115.12 per share. Ryanair’s recent Q3 profits rose, despite setbacks that caused the cancellation of thousands of flights, which helped its stock price climb 5.68% over the last four weeks, even before today’s gains. Although the company is currently caught up in a controversy surrounding pilot compensation, investors seem excited by a potentially great Q4, with revenues set to pop 15% and EPS expected to climb 17%—based on our current consensus estimates.
Tarena International, Inc. TEDU
This Chinese firm offers a range of professional IT education services, from Java to Linux. Now, Tarena International students will have better access to student loans after the company announced a new strategic partnership with China-based MYbank today. Tarena International saw its stock price climb over 3.20% after the news broke. The company is currently a Zacks Rank #3 (Hold) and sports a “B” for Value and an “A” for Growth in our Style Scores system. Tarena International is set to release its Q3 results next Monday.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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