Nintendo (NTDOY - Free Report) shares fell by 10.55% during trading today. The loss comes as the gaming corporation announced that it expects Pokemon Go revenues to yield limited profitability. The stock fell another 3% in after hour trading, and NTDOY may lose even more value if it disappoints in its quarterly earnings release next week.
It should be noted that Nintendo owns just over 30% of the Pokemon Company, so it won’t absorb most of the sales from Pokemon Go. Revenues from a wearable device known as Pokemon Go Plus have already been factored into the company’s forecast. It will be interesting to see how much it estimates Pokemon Go Plus will contribute to its top line since the device is so new and it has yet to officially release in some major markets.
Nintendo’s stock lost 18% of its value in Tokyo trading, but the stock is still much higher than it was at pre-Pokemon Go levels. At one point, NTDOY shares doubled, but the stock has been on a steep decline over the last few trading sessions. It is disappointing that Pokemon Go won’t yield much for Nintendo’s bottom line because it is so popular and it still has so much potential to grow.
The app has become the most downloaded application on Apple’s (AAPL - Free Report) App Store, and it is already on track to taking over Twitter in terms of daily users. If Pokemon Go’s earnings turn out to be insignificant for Nintendo, then it is very likely that we will see shares trading at pre-Pokemon Go levels sooner than later.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Nintendo (NTDOY - Free Report) shares fell by 10.55% during trading today. The loss comes as the gaming corporation announced that it expects Pokemon Go revenues to yield limited profitability. The stock fell another 3% in after hour trading, and NTDOY may lose even more value if it disappoints in its quarterly earnings release next week.
It should be noted that Nintendo owns just over 30% of the Pokemon Company, so it won’t absorb most of the sales from Pokemon Go. Revenues from a wearable device known as Pokemon Go Plus have already been factored into the company’s forecast. It will be interesting to see how much it estimates Pokemon Go Plus will contribute to its top line since the device is so new and it has yet to officially release in some major markets.
Nintendo’s stock lost 18% of its value in Tokyo trading, but the stock is still much higher than it was at pre-Pokemon Go levels. At one point, NTDOY shares doubled, but the stock has been on a steep decline over the last few trading sessions. It is disappointing that Pokemon Go won’t yield much for Nintendo’s bottom line because it is so popular and it still has so much potential to grow.
The app has become the most downloaded application on Apple’s (AAPL - Free Report) App Store, and it is already on track to taking over Twitter in terms of daily users. If Pokemon Go’s earnings turn out to be insignificant for Nintendo, then it is very likely that we will see shares trading at pre-Pokemon Go levels sooner than later.
The Zacks Rank is a truly marvelous trading tool. Our ranking system has beaten the S&P 500, yielding an average return of 25% per year for the last 29 years! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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