Dear Reader:
You are viewing
a story from GN Version 4.0.
Time may not have been kind to formatting, integrity of links, images, information, etc.
REPORT - Nintendo Earnings Preview: Deep Stock Analysis
On Wednesday, October 24, at roughly 4:00pm Tokyo time / 3:00am ET, Nintendo (7974:JP) will report fiscal Q2:13 (ending September) results. Nintendo will not hold a call for the release, and has not scheduled a press briefing for the next day.
We expect a Q2 miss. Nintendo is likely to report Q2 results below our estimates for revenue of ¥100 billion and EPS of ¥(127), compared to consensus of ¥108 billion and ¥(84) and implied guidance of ¥145 billion and ¥(22). According to NPD, Nintendo’s U.S. hardware dollar sales were down 40% y-o-y (our model has down 30%), while software dollar sales were down 5% (our model is flat). F/X rates for the quarter were ¥78/$1 and ¥100/€1 versus Nintendo’s FY:13 assumptions of ¥80/$1 and ¥105/€1, negatively impacting results.
Full report here
We expect a Q2 miss. Nintendo is likely to report Q2 results below our estimates for revenue of ¥100 billion and EPS of ¥(127), compared to consensus of ¥108 billion and ¥(84) and implied guidance of ¥145 billion and ¥(22). According to NPD, Nintendo’s U.S. hardware dollar sales were down 40% y-o-y (our model has down 30%), while software dollar sales were down 5% (our model is flat). F/X rates for the quarter were ¥78/$1 and ¥100/€1 versus Nintendo’s FY:13 assumptions of ¥80/$1 and ¥105/€1, negatively impacting results.