Nintendo Co. (NTDOY) closed the most recent trading day at $52.85, moving -0.94% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.71%. At the same time, the Dow lost 1.7%, and the tech-heavy Nasdaq lost 0.09%.
Prior to today's trading, shares of the company had lost 1.77% over the past month. This has was narrower than the Consumer Discretionary sector's loss of 8.65% and the S&P 500's loss of 8.68% in that time.
Nintendo Co. will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.77, up 5.48% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.58 billion, down 5.95% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.43 per share and revenue of $12.97 billion. These totals would mark changes of -23.44% and -13.76%, respectively, from last year.
Any recent changes to analyst estimates for Nintendo Co. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 2.28% lower within the past month. Nintendo Co. currently has a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Nintendo Co. has a Forward P/E ratio of 15.55 right now. For comparison, its industry has an average Forward P/E of 15.55, which means Nintendo Co. is trading at a no noticeable deviation to the group.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 95, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Nintendo Co. (NTDOY) : Free Stock Analysis Report
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