MINISO Group Holding Limited Unsponsored ADR (MNSO) closed at $19.62 in the latest trading session, marking a +2.03% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.01%. On the other hand, the Dow registered a loss of 0.13%, and the technology-centric Nasdaq decreased by 0.16%.
The company's stock has dropped by 1.84% in the past month, exceeding the Retail-Wholesale sector's loss of 4.56% and lagging the S&P 500's loss of 0.28%.
The upcoming earnings release of MINISO Group Holding Limited Unsponsored ADR will be of great interest to investors. Simultaneously, our latest consensus estimate expects the revenue to be $859.03 million, showing a 33.05% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $1.35 per share and a revenue of $3 billion, demonstrating changes of +17.39% and +26.95%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for MINISO Group Holding Limited Unsponsored ADR. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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 has remained steady. MINISO Group Holding Limited Unsponsored ADR is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, MINISO Group Holding Limited Unsponsored ADR is currently being traded at a Forward P/E ratio of 12.25. This signifies a discount in comparison to the average Forward P/E of 17.37 for its industry.
One should further note that MNSO currently holds a PEG ratio of 1.27. 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 average PEG ratio for the Retail - Apparel and Shoes industry stood at 1.91 at the close of the market yesterday.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 36, which puts it in the top 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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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