Wedbush Weighs in on Nintendo Co.’s FY2018 Earnings (NTDOY)
Nintendo Co. (OTC:NTDOY) – Research analysts at Wedbush boosted their FY2018 EPS estimates for Nintendo in a report released on Monday. Wedbush analyst M. Pachter now expects that the company will earn $0.88 per share for the year, up from their prior forecast of $0.67. Wedbush also issued estimates for Nintendo’s Q4 2018 earnings at ($0.03) EPS, Q1 2019 earnings at $0.16 EPS, Q2 2019 earnings at $0.26 EPS, Q3 2019 earnings at $0.54 EPS, Q4 2019 earnings at $0.14 EPS and FY2019 earnings at $1.11 EPS.
Separately, CLSA lowered Nintendo from an “underperform” rating to a “sell” rating in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Nintendo presently has a consensus rating of “Hold” and a consensus price target of $63.00.
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