We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
MINISO Group Holding Limited Unsponsored ADR (MNSO) Stock Slides as Market Rises: Facts to Know Before You Trade
Read MoreHide Full Article
MINISO Group Holding Limited Unsponsored ADR (MNSO - Free Report) closed at $9.87 in the latest trading session, marking a -1.1% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.6%. Meanwhile, the Dow gained 0.03%, and the Nasdaq, a tech-heavy index, added 1.18%.
The stock of company has risen by 12.01% in the past month, leading the Retail-Wholesale sector's gain of 2.94% and the S&P 500's loss of 0.79%.
Investors will be eagerly watching for the performance of MINISO Group Holding Limited Unsponsored ADR in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.39, indicating a 11.43% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.01 billion, indicating a 24.46% increase compared to the same quarter of the previous year.
MNSO's full-year Zacks Consensus Estimates are calling for earnings of $1.23 per share and revenue of $3.78 billion. These results would represent year-over-year changes of -8.21% and +25.4%, respectively.
It is also important to note the recent changes to analyst estimates for MINISO Group Holding Limited Unsponsored ADR. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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, there's been no change in the Zacks Consensus EPS estimate. MINISO Group Holding Limited Unsponsored ADR is currently a Zacks Rank #3 (Hold).
In terms of valuation, MINISO Group Holding Limited Unsponsored ADR is currently trading at a Forward P/E ratio of 8.11. This signifies a discount in comparison to the average Forward P/E of 14.52 for its industry.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 164, which puts it in the bottom 34% of all 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
MINISO Group Holding Limited Unsponsored ADR (MNSO) Stock Slides as Market Rises: Facts to Know Before You Trade
MINISO Group Holding Limited Unsponsored ADR (MNSO - Free Report) closed at $9.87 in the latest trading session, marking a -1.1% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.6%. Meanwhile, the Dow gained 0.03%, and the Nasdaq, a tech-heavy index, added 1.18%.
The stock of company has risen by 12.01% in the past month, leading the Retail-Wholesale sector's gain of 2.94% and the S&P 500's loss of 0.79%.
Investors will be eagerly watching for the performance of MINISO Group Holding Limited Unsponsored ADR in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.39, indicating a 11.43% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.01 billion, indicating a 24.46% increase compared to the same quarter of the previous year.
MNSO's full-year Zacks Consensus Estimates are calling for earnings of $1.23 per share and revenue of $3.78 billion. These results would represent year-over-year changes of -8.21% and +25.4%, respectively.
It is also important to note the recent changes to analyst estimates for MINISO Group Holding Limited Unsponsored ADR. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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, there's been no change in the Zacks Consensus EPS estimate. MINISO Group Holding Limited Unsponsored ADR is currently a Zacks Rank #3 (Hold).
In terms of valuation, MINISO Group Holding Limited Unsponsored ADR is currently trading at a Forward P/E ratio of 8.11. This signifies a discount in comparison to the average Forward P/E of 14.52 for its industry.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 164, which puts it in the bottom 34% of all 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.
You can find more information on all of these metrics, and much more, on Zacks.com.