FY2028 Earnings Estimate for Nintendo Issued By Wedbush

Key Points

• Wedbush has projected Nintendo's FY2028 earnings per share at $0.73, significantly higher than the current consensus estimate of $0.44 per share.
• The company reported a net margin of 23.81% and a return on equity of 10.51% in its latest quarterly earnings, with revenue reaching $1.46 billion.
• Nintendo's stock has received multiple positive ratings from analysts, with the majority indicating a "buy" to "strong-buy" sentiment, leading to an average rating of "Buy."

Nintendo Co. (OTCMKTS:NTDOY - Free Report) - Analysts at Wedbush issued their FY2028 EPS estimates for shares of Nintendo in a research note issued on Tuesday, July 29th. Wedbush analyst A. Reese expects that the company will earn $0.73 per share for the year. Wedbush currently has a "Strong-Buy" rating on the stock. The consensus estimate for Nintendo's current full-year earnings is $0.44 per share.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.09. The company had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $448.24 billion. Nintendo had a net margin of 19.61% and a return on equity of 9.92%.

Several other equities research analysts have also recently weighed in on NTDOY. Benchmark upgraded shares of Nintendo to a "strong-buy" rating in a research report on Monday, May 19th. Citigroup started coverage on shares of Nintendo in a research note on Friday, May 2nd. They issued a "buy" rating on the stock. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy".

Nintendo Trading Up 7.8%

Shares of Nintendo stock traded up $1.63 during mid-day trading on Thursday, reaching $22.64. 886,477 shares of the stock were exchanged, compared to its average volume of 2,033,273. The company has a market cap of $117.61 billion, a price-to-earnings ratio of 53.91 and a beta of 0.64. The firm has a 50-day simple moving average of $21.68 and a 200 day simple moving average of $19.40. Nintendo has a fifty-two week low of $11.36 and a fifty-two week high of $24.09.

Institutional Investors Weigh In On Nintendo

A number of institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC bought a new position in shares of Nintendo in the fourth quarter worth about $605,000. GAMMA Investing LLC lifted its holdings in shares of Nintendo by 2,029.9% in the first quarter. GAMMA Investing LLC now owns 275,785 shares of the company's stock worth $4,735,000 after acquiring an additional 262,837 shares during the last quarter. Appleton Partners Inc. MA lifted its holdings in shares of Nintendo by 1.5% in the first quarter. Appleton Partners Inc. MA now owns 130,744 shares of the company's stock worth $2,245,000 after acquiring an additional 1,969 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Nintendo by 192.5% in the first quarter. First Horizon Advisors Inc. now owns 1,825 shares of the company's stock worth $31,000 after acquiring an additional 1,201 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Nintendo by 16.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company's stock worth $91,000 after acquiring an additional 749 shares during the last quarter. Institutional investors own 0.02% of the company's stock.

Nintendo Company Profile

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally. It also offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.