theprof00 on 01 May 2015
Nintendo scheduled to report Financial Year 2015 end earnings next week on May 7th.
Current P/E is 92.3 which is surprisingly high, possibly too high.
1 yr target estimate is 12.70, which is way below current price of 21.18
The current price was boosted by the announcement of moving to mobile. The stock doubled on this news but this quarter will not have profits from those ventures incorporated. Instead, they will be including the costs of new development. I don't expect the price here to hold. NTDOY is currently rated as a hold by the majority with one buy and one sell.
I'm expecting a drop in the stock, even on good results...but should recoup the following quarter.
