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MINISO Group Holding Limited Unsponsored ADR (MNSO) Gains As Market Dips: What You Should Know
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MINISO Group Holding Limited Unsponsored ADR (MNSO - Free Report) closed the most recent trading day at $18.52, moving +2.72% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.79%. Elsewhere, the Dow lost 0.94%, while the tech-heavy Nasdaq lost 0.92%.
Shares of the company witnessed a gain of 0.17% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 2.47%, and the S&P 500's gain of 5.22%.
Analysts and investors alike will be keeping a close eye on the performance of MINISO Group Holding Limited Unsponsored ADR in its upcoming earnings disclosure. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $672.03 million, up 21.03% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.12 per share and revenue of $2.9 billion. These totals would mark changes of -2.61% and +22.75%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for MINISO Group Holding Limited Unsponsored ADR. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, MINISO Group Holding Limited Unsponsored ADR boasts a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, MINISO Group Holding Limited Unsponsored ADR is holding a Forward P/E ratio of 16.17. This denotes a discount relative to the industry average Forward P/E of 17.55.
Meanwhile, MNSO's PEG ratio is currently 1.06. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Retail - Apparel and Shoes industry was having an average PEG ratio of 1.9.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 191, positioning it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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MINISO Group Holding Limited Unsponsored ADR (MNSO) Gains As Market Dips: What You Should Know
MINISO Group Holding Limited Unsponsored ADR (MNSO - Free Report) closed the most recent trading day at $18.52, moving +2.72% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.79%. Elsewhere, the Dow lost 0.94%, while the tech-heavy Nasdaq lost 0.92%.
Shares of the company witnessed a gain of 0.17% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 2.47%, and the S&P 500's gain of 5.22%.
Analysts and investors alike will be keeping a close eye on the performance of MINISO Group Holding Limited Unsponsored ADR in its upcoming earnings disclosure. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $672.03 million, up 21.03% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.12 per share and revenue of $2.9 billion. These totals would mark changes of -2.61% and +22.75%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for MINISO Group Holding Limited Unsponsored ADR. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, MINISO Group Holding Limited Unsponsored ADR boasts a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, MINISO Group Holding Limited Unsponsored ADR is holding a Forward P/E ratio of 16.17. This denotes a discount relative to the industry average Forward P/E of 17.55.
Meanwhile, MNSO's PEG ratio is currently 1.06. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Retail - Apparel and Shoes industry was having an average PEG ratio of 1.9.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 191, positioning it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.