MINISO Group Holding Limited Unsponsored ADR (MNSO) Increases Despite Market Slip: Here's What You Need to Know

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In the latest trading session, MINISO Group Holding Limited Unsponsored ADR (MNSO) closed at $16.75, marking a +1.76% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.18%. Elsewhere, the Dow saw a downswing of 0.8%, while the tech-heavy Nasdaq appreciated by 0.27%.

Shares of the company have by 0% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 3.95% and the S&P 500's gain of 4.46%.

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 $647.47 million, up 24.6% from the year-ago period.

Investors might also notice recent changes to analyst estimates for MINISO Group Holding Limited Unsponsored ADR. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.

Our research demonstrates that these adjustments in estimates directly associate with imminent 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.67% lower within the past month. MINISO Group Holding Limited Unsponsored ADR is currently a Zacks Rank #3 (Hold).

In the context of valuation, MINISO Group Holding Limited Unsponsored ADR is at present trading with a Forward P/E ratio of 13.42. This valuation marks a discount compared to its industry's average Forward P/E of 16.49.

Investors should also note that MNSO has a PEG ratio of 0.68 right now. 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 1.93 at yesterday's closing price.

The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 53, finds itself in the top 22% echelons of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

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MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report

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