MINISO Group Holding Limited Unsponsored ADR (MNSO) Stock Falls Amid Market Uptick: What Investors Need to Know

MINISO Group Holding Limited Unsponsored ADR (MNSO) closed the most recent trading day at $18.24, moving -0.6% from the previous trading session. This change lagged the S&P 500's daily gain of 0.16%. On the other hand, the Dow registered a gain of 0.01%, and the technology-centric Nasdaq increased by 0.46%.Coming into today, shares of the company had lost 6.09% in the past month. In that same time, the Retail-Wholesale sector lost 5.51%, while the S&P 500 lost 3.59%.The investment community will be paying close attention to the earnings performance of MINISO Group Holding Limited Unsponsored ADR in its upcoming release.Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.37 per share and revenue of $2.91 billion. These totals would mark changes of +19.13% and +23.36%, respectively, from last year.It's also important for investors to be aware of any recent modifications to analyst estimates for MINISO Group Holding Limited Unsponsored ADR. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.Based on our research, we believe these estimate revisions are directly related to near-team 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 5.86% lower. MINISO Group Holding Limited Unsponsored ADR is holding a Zacks Rank of #3 (Hold) right now.Investors should also note MINISO Group Holding Limited Unsponsored ADR's current valuation metrics, including its Forward P/E ratio of 13.44. For comparison, its industry has an average Forward P/E of 15.15, which means MINISO Group Holding Limited Unsponsored ADR is trading at a discount to the group.One should further note that MNSO currently holds a PEG ratio of 0.75. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Retail - Apparel and Shoes industry had an average PEG ratio of 1.46.The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 134, placing it within the bottom 47% of over 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.Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MINISO Group Holding Limited Unsponsored ADR (MNSO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks