Nintendo (OTCMKTS:NTDOY) Issues Earnings Results

Nintendo (OTCMKTS:NTDOY) released its quarterly earnings data on Thursday. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01), Zacks reports. The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.94 billion. Nintendo had a net margin of 21.00% and a return on equity of 16.31%.

Nintendo Price Performance

Shares of NTDOY stock traded down $0.57 during trading hours on Friday, hitting $13.08. The stock had a trading volume of 549,297 shares, compared to its average volume of 2,905,124. The stock’s 50 day moving average is $13.18 and its 200 day moving average is $12.96. Nintendo has a twelve month low of $10.18 and a twelve month high of $22.59. The firm has a market capitalization of $67.35 billion, a PE ratio of 19.82 and a beta of 0.49.

Nintendo News Roundup

Here are the key news stories impacting Nintendo this week:

• Positive Sentiment: First-half net profit rose 11% year over year to 220.92 billion yen, supported by stronger software sales. The company also cited a new Mario movie as part of its outlook. Article: Nintendo’s First-Half Profit Rose on Stronger Software Sales, New ‘Mario’ Movie
• Positive Sentiment: The Switch 2 launch of The Legend of Zelda: Ocarina of Time could support software demand and attention for Nintendo’s console. Article: Nintendo stock surges following Zelda: Ocarina of Time remake launch
• Positive Sentiment: Star Fox joined Nintendo’s million-seller club, offering another sign of demand for its game catalog. Article: Star Fox has joined Nintendo’s Million-Seller Club
• Negative Sentiment: Switch 2 sales fell 41% year over year in the fiscal second quarter, with reports pointing to price increases and a memory-component crunch. The console sold 2.67 million units in the quarter, but the steep decline raises concerns about hardware momentum. Article: Nintendo Switch 2 sales plunge 41% as price hikes and memory crunch bite
• Negative Sentiment: Quarterly EPS of $0.10 missed the $0.11 consensus, while revenue of $2.83 billion came in below analysts’ $2.94 billion estimate, adding to concerns about near-term performance. Article: Nintendo Earnings Miss Estimates as Switch 2 Sales Slide 41%

Analyst Ratings Changes

Several research firms have issued reports on NTDOY. UBS Group cut shares of Nintendo from a “neutral” rating to a “sell” rating in a research report on Friday, September 25th. BNP Paribas Exane started coverage on shares of Nintendo in a research note on Tuesday, September 22nd. They set a “neutral” rating for the company. Finally, Citigroup reissued a “buy” rating on shares of Nintendo in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

About Nintendo

Nintendo Co, Ltd. is a Japan-based entertainment company that develops and publishes interactive entertainment products for global markets. Its business centers on dedicated video game hardware, software and related digital services, with offerings designed to combine proprietary systems and internally developed content.

The company is known for its Nintendo Switch platform and franchises including Super Mario, The Legend of Zelda, Animal Crossing, Splatoon, Kirby, Metroid and Donkey Kong.