MINISO Group Holding Ltd reports results for the quarter ended September 30 - Earnings Summary

Reuters
2024-11-29
MINISO Group Holding Ltd reports results for the quarter ended September 30 - Earnings Summary
  • MINISO Group Holding Ltd 9896.HK reported quarterly adjusted earnings of 55 fen​​ per share for the quarter ended September 30. The lone analyst forecast for the quarter was for earnings of 52 fen per share.

  • Revenue was CNY4.52 billion​; analysts expected CNY4.56 billion.

  • The company reported quarterly net income of CNY641.77 million.

  • MINISO Group Holding Ltd shares had fallen by 3.9% this quarter and lost 9.8% so far this year.

FORECAST CHANGES

  • The mean earnings estimate of analysts had fallen by about 5.5% in the last three months.​

  • In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell."

  • The average consensus recommendation for the department stores peer group is also "buy"

Wall Street's median 12-month price target for MINISO Group Holding Ltd is HK$46.28

This summary was machine generated from LSEG data November 29 at 02:30 p.m. UTC. ​All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Sep. 30 2024

0.52

0.55

Beat

Jun. 30 2024

1.13

0.50

Missed

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