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MINISO Group Holding Limited Unsponsored ADR (MNSO) Outpaces Stock Market Gains: What You Should Know
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MINISO Group Holding Limited Unsponsored ADR (MNSO - Free Report) ended the recent trading session at $22.75, demonstrating a +2.62% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.4%. On the other hand, the Dow registered a loss of 0.04%, and the technology-centric Nasdaq increased by 0.66%.
Heading into today, shares of the company had lost 10.64% over the past month, lagging the Retail-Wholesale sector's loss of 3.61% and the S&P 500's gain of 1.02%.
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. At the same time, our most recent consensus estimate is projecting a revenue of $793.95 million, reflecting a 23.2% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.39 per share and revenue of $2.98 billion, which would represent changes of +20.87% and +26.27%, 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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.72% increase. MINISO Group Holding Limited Unsponsored ADR is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, MINISO Group Holding Limited Unsponsored ADR is currently trading at a Forward P/E ratio of 15.95. For comparison, its industry has an average Forward P/E of 17.6, which means MINISO Group Holding Limited Unsponsored ADR is trading at a discount to the group.
Also, we should mention that MNSO has a PEG ratio of 1.13. 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 2.42 at the close of the market yesterday.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 93, positioning it in the top 38% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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MINISO Group Holding Limited Unsponsored ADR (MNSO) Outpaces Stock Market Gains: What You Should Know
MINISO Group Holding Limited Unsponsored ADR (MNSO - Free Report) ended the recent trading session at $22.75, demonstrating a +2.62% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.4%. On the other hand, the Dow registered a loss of 0.04%, and the technology-centric Nasdaq increased by 0.66%.
Heading into today, shares of the company had lost 10.64% over the past month, lagging the Retail-Wholesale sector's loss of 3.61% and the S&P 500's gain of 1.02%.
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. At the same time, our most recent consensus estimate is projecting a revenue of $793.95 million, reflecting a 23.2% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.39 per share and revenue of $2.98 billion, which would represent changes of +20.87% and +26.27%, 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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.72% increase. MINISO Group Holding Limited Unsponsored ADR is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, MINISO Group Holding Limited Unsponsored ADR is currently trading at a Forward P/E ratio of 15.95. For comparison, its industry has an average Forward P/E of 17.6, which means MINISO Group Holding Limited Unsponsored ADR is trading at a discount to the group.
Also, we should mention that MNSO has a PEG ratio of 1.13. 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 2.42 at the close of the market yesterday.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 93, positioning it in the top 38% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.