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.
Full report here
Related Posts:
- Making Assassin's Creed III: The Collection - IGN
- Five Ways To Make The Assassin's Creed Film Not Suck - GoNintendo
- You think you're into Skylanders? Check out this guy! - GoNintendo
- Assassin's Creed III - interactive trailer - GoNintendo
- Ubisoft once again says Assassin's Creed III Wii U is the same as 360/PS3 versions - GoNintendo
- Assassin's Creed 3 launch trailer released, Benedict Arnold PS3 content detailed - joystiq
- Assassin's Creed III - UK launch trailer - GoNintendo
- Midweek Madness - Assassin's Creed Franchise up to 75% off! - valve
