Preview: MINISO Group Holding's Earnings
Portfolio Pulse from Benzinga Insights
MINISO Group Holding (NYSE:MNSO) is expected to release its quarterly earnings report on Tuesday, 2023-11-21, with an estimated EPS of $0.25. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company has surpassed EPS estimates, resulting in share price increases. Shares are currently trading at $26.65, with a 182.94% rise over the last 52 weeks, indicating bullish sentiment among long-term shareholders.
November 20, 2023 | 2:01 pm
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POSITIVE IMPACT
MINISO Group Holding is anticipated to report quarterly earnings with an EPS of $0.25. Past earnings beats have led to positive stock performance, with the last beat resulting in a 4.3% share price increase. Shares have significantly appreciated over the past year, indicating a positive outlook from investors.
Given MINISO Group's history of surpassing EPS estimates and the subsequent positive stock reactions, there is a high likelihood of a short-term positive impact on MNSO's stock price if they beat the EPS estimate again. The long-term bullish trend and the significant annual gain in share price further support the potential for a positive reaction to the earnings report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100