Wedbush Predicts Nintendo's FY2028 Earnings (OTCMKTS:NTDOY)

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) - Investment analysts at Wedbush issued their FY2028 earnings estimates for shares of Nintendo in a research note issued to investors on Tuesday, July 29th. Wedbush analyst A. Reese anticipates that the company will post earnings per share of $0.73 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.

Other analysts also recently issued reports about the stock. Citigroup initiated coverage on shares of Nintendo in a report on Friday, May 2nd. They set a "buy" rating for the company. Benchmark upgraded shares of Nintendo to a "strong-buy" rating in a research report on Monday, May 19th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Nintendo presently has a consensus rating of "Buy".

Nintendo Price Performance

OTCMKTS:NTDOY traded up $0.01 during trading hours on Thursday, hitting $21.01. The stock had a trading volume of 1,752,717 shares, compared to its average volume of 1,485,284. Nintendo has a one year low of $11.36 and a one year high of $24.09. The firm has a market capitalization of $109.14 billion, a price-to-earnings ratio of 53.87 and a beta of 0.64. The company has a 50 day simple moving average of $21.68 and a two-hundred day simple moving average of $19.34.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Nintendo had a net margin of 23.81% and a return on equity of 10.51%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $215.06 billion.

Institutional Investors Weigh In On Nintendo

Several hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its position in Nintendo by 16.4% during the first quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company's stock valued at $91,000 after purchasing an additional 749 shares during the period. Confluence Investment Management LLC increased its holdings in Nintendo by 1.5% during the second quarter. Confluence Investment Management LLC now owns 56,080 shares of the company's stock valued at $1,347,000 after buying an additional 843 shares during the last quarter. First Horizon Advisors Inc. increased its stake 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 purchasing an additional 1,201 shares in the last quarter. Appleton Partners Inc. MA increased its stake 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 purchasing an additional 1,969 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Nintendo by 24.1% during the first quarter. GAMMA Investing LLC now owns 16,062 shares of the company's stock valued at $276,000 after acquiring an additional 3,114 shares in 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.