In the latest trading session, MINISO Group Holding Limited Unsponsored ADR (MNSO) closed at $18.38, marking a -1.13% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.51%. At the same time, the Dow added 0.53%, and the tech-heavy Nasdaq lost 1.51%.
Coming into today, shares of the company had lost 6.02% in the past month. In that same time, the Retail-Wholesale sector gained 5.66%, while the S&P 500 gained 0.93%.
Market participants will be closely following the financial results of MINISO Group Holding Limited Unsponsored ADR in its upcoming release. At the same time, our most recent consensus estimate is projecting a revenue of $859.03 million, reflecting a 33.05% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.35 per share and a revenue of $3 billion, representing changes of +17.39% and 0%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for MINISO Group Holding Limited Unsponsored ADR. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. MINISO Group Holding Limited Unsponsored ADR presently features a Zacks Rank of #3 (Hold).
Looking at valuation, MINISO Group Holding Limited Unsponsored ADR is presently trading at a Forward P/E ratio of 11.84. This indicates a discount in contrast to its industry's Forward P/E of 16.75.
Also, we should mention that MNSO has a PEG ratio of 1.22. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Retail - Apparel and Shoes industry had an average PEG ratio of 1.91 as trading concluded yesterday.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 41, which puts it in the top 17% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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MINISO Group Holding Limited Unsponsored ADR (MNSO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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