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MINISO Group Holding Limited Unsponsored ADR (MNSO) Stock Sinks As Market Gains: Here's Why
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MINISO Group Holding Limited Unsponsored ADR (MNSO - Free Report) closed at $20.14 in the latest trading session, marking a -1.27% move from the prior day. This change lagged the S&P 500's 0.78% gain on the day. Elsewhere, the Dow saw an upswing of 0.47%, while the tech-heavy Nasdaq appreciated by 0.98%.
The stock of company has risen by 12.77% in the past month, leading the Retail-Wholesale sector's gain of 1.32% and the S&P 500's gain of 1.86%.
Market participants will be closely following the financial results of MINISO Group Holding Limited Unsponsored ADR in its upcoming release. Simultaneously, our latest consensus estimate expects the revenue to be $672.03 million, showing a 21.03% escalation compared to the year-ago quarter.
MNSO's full-year Zacks Consensus Estimates are calling for earnings of $1.12 per share and revenue of $2.9 billion. These results would represent year-over-year changes of -2.61% and +22.75%, respectively.
Investors might also notice recent changes 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. MINISO Group Holding Limited Unsponsored ADR is currently a Zacks Rank #3 (Hold).
From a valuation perspective, MINISO Group Holding Limited Unsponsored ADR is currently exchanging hands at a Forward P/E ratio of 18.3. Its industry sports an average Forward P/E of 17.06, so one might conclude that MINISO Group Holding Limited Unsponsored ADR is trading at a premium comparatively.
We can additionally observe that MNSO currently boasts a PEG ratio of 1.2. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Retail - Apparel and Shoes industry held an average PEG ratio of 1.84.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 191, placing it within the bottom 23% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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) Stock Sinks As Market Gains: Here's Why
MINISO Group Holding Limited Unsponsored ADR (MNSO - Free Report) closed at $20.14 in the latest trading session, marking a -1.27% move from the prior day. This change lagged the S&P 500's 0.78% gain on the day. Elsewhere, the Dow saw an upswing of 0.47%, while the tech-heavy Nasdaq appreciated by 0.98%.
The stock of company has risen by 12.77% in the past month, leading the Retail-Wholesale sector's gain of 1.32% and the S&P 500's gain of 1.86%.
Market participants will be closely following the financial results of MINISO Group Holding Limited Unsponsored ADR in its upcoming release. Simultaneously, our latest consensus estimate expects the revenue to be $672.03 million, showing a 21.03% escalation compared to the year-ago quarter.
MNSO's full-year Zacks Consensus Estimates are calling for earnings of $1.12 per share and revenue of $2.9 billion. These results would represent year-over-year changes of -2.61% and +22.75%, respectively.
Investors might also notice recent changes 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. MINISO Group Holding Limited Unsponsored ADR is currently a Zacks Rank #3 (Hold).
From a valuation perspective, MINISO Group Holding Limited Unsponsored ADR is currently exchanging hands at a Forward P/E ratio of 18.3. Its industry sports an average Forward P/E of 17.06, so one might conclude that MINISO Group Holding Limited Unsponsored ADR is trading at a premium comparatively.
We can additionally observe that MNSO currently boasts a PEG ratio of 1.2. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Retail - Apparel and Shoes industry held an average PEG ratio of 1.84.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 191, placing it within the bottom 23% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.