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The latest trading session saw MINISO Group Holding Limited Unsponsored ADR (MNSO) ending at $18.20, denoting a +0.94% adjustment from its last day's close. This change outpaced the S&P 500's 0.63% gain on the day. Meanwhile, the Dow gained 0.21%, and the Nasdaq, a tech-heavy index, added 1.52%.
The company's stock has dropped by 6.43% in the past month, falling short of the Retail-Wholesale sector's loss of 0.09% and the S&P 500's loss of 0.7%.
The investment community will be paying close attention to the earnings performance of MINISO Group Holding Limited Unsponsored ADR in its upcoming release. At the same time, our most recent consensus estimate is projecting a revenue of $624.52 million, reflecting a 21.1% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.35 per share and revenue of $2.93 billion, indicating changes of +17.39% and +24.25%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for MINISO Group Holding Limited Unsponsored ADR. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually 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 #3 (Hold).
In terms of valuation, MINISO Group Holding Limited Unsponsored ADR is currently trading at a Forward P/E ratio of 13.36. For comparison, its industry has an average Forward P/E of 13.41, which means MINISO Group Holding Limited Unsponsored ADR is trading at a discount to the group.
Meanwhile, MNSO's PEG ratio is currently 0.74. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Apparel and Shoes was holding an average PEG ratio of 1.39 at yesterday's closing price.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 146, which puts it in the bottom 41% of all 250+ industries.