MINISO Group Holding Limited Unsponsored ADR (MNSO) Beats Stock Market Upswing: What Investors Need to Know

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.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.You can find more information on all of these metrics, and much more, on Zacks.com.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant 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