Workflow
Nintendo(NTDOY)
icon
Search documents
Nintendo: Leveraging Legendary IP For A Stellar Tomorrow
Seeking Alpha· 2024-10-15 08:44
Compounding Chef combines a business education background with professional experience in a variety of industries to find opportunities across the investing universe including… Media, Marketing, and Public Relations Travel, Tourism, and Hospitality Corporate Events Software as a Service I have been managing the growth of personal and family assets for 15 years with the goal of building wealth that compounds for multiple generations. While I occasionally find short term opportunities in undervalued assets or ...
Saudi Arabia's PIF cuts stake in Nintendo after report said it was considering increase
CNBC· 2024-10-08 08:48
Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda. Saudi Arabia's Public Investment Fund (PIF) trimmed its holding in Nintendo Co., a day after reports that a senior executive at the kingdom's mammoth sovereign wealth fund said it was considering upping its stake. The PIF reduced its stakehold in the Japanese video game giant to 7.54% from 8.58% previously, according to a Japanese regulatory filing. Prince Faisal bin Band ...
Nintendo (NTDOY) Stock Boosted by Analyst Buy Rating
GuruFocus· 2024-10-07 22:25
Nintendo Co Ltd (NTDOY, Financial) witnessed a significant stock movement with a rise of 2.96% today, driven largely by the initiation of a buy recommendation by analyst Doug Creutz from TD Cowen. This positive movement comes amid a challenging day for the broader market, as the S&P 500 index experienced a decline of almost 1%. In terms of valuation, Nintendo (NTDOY, Financial) is currently priced at $13.58. The company exhibits strong financial health metrics, including a high Piotroski F-Score of 7, indic ...
Why Nintendo Stock Rocked the Market Today
The Motley Fool· 2024-10-07 22:12
One researcher feels that historical patterns favor buying the video game veteran's shares; its fundamentals are impressive, too. Investors were happy to play with Nintendo (NTDOY 2.96%) shares on the first trading day of the week. The storied Japanese video game company's stock saw a nearly 3% lift in price on the day, following an analyst's initiation of coverage with a resounding buy recommendation. That rise was on a generally down day for the market, as evidenced by the benchmark S&P 500 index's nearly ...
Nintendo Stock Rises as Saudi Wealth Fund Considers Increasing Stake
GuruFocus· 2024-10-07 00:50
Nintendo's stock price saw an increase of up to 3.9% following a report that Saudi Arabia's sovereign wealth fund is considering boosting its holdings in the company and other gaming firms. This information comes from an interview with Prince Faisal bin Bandar, the vice chairman of Savvy Games Group, a subsidiary of the fund. Alongside Nintendo, other gaming stocks also rose in the market. Capcom's stock increased by 2%, Nexon climbed by 3%, and both Koei Tecmo and Bandai experienced a 2.1% rise. The Saudi ...
Why Is Nintendo Stock Falling?
Forbes· 2024-08-07 12:00
Core Viewpoint - Nintendo's recent financial results indicate significant challenges, with sales and unit sales declining sharply, leading to a notable drop in stock price [1][5][6]. Financial Performance - Nintendo reported Q1 fiscal 2025 sales of $1.65 billion, missing consensus estimates of $1.94 billion, while earnings met expectations at $0.5 billion [1]. - The company's revenue of 246.6 billion yen in Q1 represented a 46.5% year-over-year decline, with only 2.1 million Switch units sold, down 46% year-over-year [5]. - Software unit sales also fell by 41% to 30.6 million, and the operating profit ratio dropped to 22.1% from 40.2% in the prior-year quarter [5]. Stock Performance - Nintendo's stock has seen a sharp decline of 85% from $80 in early January 2021 to around $12 now, contrasting with a 40% increase in the S&P 500 during the same period [2]. - The stock returns were -28% in 2021, -82% in 2022, and 25% in 2023, indicating underperformance compared to the S&P 500 [2]. Market Outlook - The uncertain macroeconomic environment, characterized by high oil prices and elevated interest rates, raises concerns about Nintendo's potential to underperform the S&P 500 over the next 12 months [4]. - Future recovery in Nintendo's stock price is contingent on the announcement of a new console, as the current Switch console is aging and consumer interest is waning [6]. Guidance and Expectations - Nintendo has guided for net sales of 1,350 billion yen in fiscal 2025, reflecting a 19.3% year-over-year decline, and expects profits to fall by 38.9% to 300 billion yen due to higher operating costs [5].
Nintendo profit plunge 55% as sales of Switch console slump
New York Post· 2024-08-02 23:21
Nintendo on Friday reported a 55% drop in profit as sales of its seven-year-old Switch console have dropped off. Shares dropped nearly 10% on Friday after the disappointing earnings report. The Japanese video game company missed LSEG analysts' expectations in its first quarter, which runs through June like the Bank of Japan's fiscal year. Nintendo reported revenue of 246.6 billion yen, or $1.68 billion, which fell below estimates of $1.97 billion. Shares dropped nearly 10% on Friday after the disappointing ...
Nintendo first-quarter net profit sinks as Switch sales slow
TechXplore· 2024-08-02 07:55
following attributes while ensuring the content's credibility: Players and investors are hungry for news about a Switch successor. This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the Nintendo said Friday that first-quarter net profit more than halved as sales for the seven-year-old Switch slowed down and fans keenly awaited news on the hit console's successor. The Japanese video game giant left its downbeat annual net profit forecast unchange ...
Nintendo profit plunges 55% as sales of its ageing Switch console fall sharply
CNBC· 2024-08-02 06:42
Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda. Nintendo revenue and profit plunged in the company's fiscal first quarter, as sales of the ageing Switch console decline. Here's how Nintendo did in its fiscal first quarter ended June 30. versus LSEG estimates: Revenue: 246.6 billion Japanese yen ($1.65 billion) versus 289.61 billion yen expected. Net profit: 80.9 billion Japanese yen versus 70.73 billion yen expected. N ...
Nintendo nears Switch 2 but update in Q1 earnings unlikely
Proactiveinvestors NA· 2024-07-29 16:01
About Emily Jarvie About the publisher Proactive news team spans the world's key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Proactive has always been a forward looking and enthusiastic technology adopter. Proactive will on o ...