Nomura Research Institute (OTCMKTS:NRILY) received a significant downgrade from Zacks Research, transitioning from a “hold” rating to a “strong sell” rating, as reported on Monday. This shift reflects a growing concern among analysts regarding the company’s future performance.
In a separate evaluation, Citigroup made a contrasting move by upgrading Nomura Research Institute from a “strong sell” rating to a “hold” rating on November 19, 2023. This divergence in ratings illustrates the mixed perceptions surrounding the company’s stock. Currently, two research analysts have assigned a “hold” rating, while one has issued a “sell” rating. According to data from MarketBeat.com, Nomura Research Institute now holds a consensus rating of “Reduce.”
Recent Financial Performance
Nomura Research Institute recently released its earnings results for the third quarter on October 30, 2023. The company reported earnings per share (EPS) of $0.33, exceeding the consensus estimate of $1.36 billion in revenue for the quarter. The total revenue generated was approximately $1.37 billion.
The firm’s financial metrics indicate a solid performance, with a return on equity of 22.63% and a net margin of 12.96%. Analysts forecast that Nomura Research Institute will achieve an EPS of 1.04 for the current fiscal year, suggesting cautious optimism among some market watchers.
About Nomura Research Institute
Founded in 1965, Nomura Research Institute, Ltd. (NRI) is headquartered in Tokyo and specializes in management consulting and information technology services. The firm combines industry research, strategic advisory services, and systems development to assist both corporate and public-sector clients in navigating complex business and technology challenges.
NRI is recognized for its unique integration of consulting insights with large-scale system integration, outsourcing, and software solutions, all aimed at facilitating digital transformation initiatives. Its core services include management and IT consulting, system integration, application development, and IT outsourcing.
Investors and analysts will continue to monitor the company closely as it navigates these recent changes in ratings and evaluates its financial performance in the upcoming quarters.
