Nomura Research Institute (OTCMKTS: NRILY) has faced a significant downgrade from Zacks Research, shifting from a “hold” rating to a “strong sell” rating. This decision was announced in a report issued on Monday, October 30, 2023, as analysts reassess the company’s market position.
In a contrasting move, Citigroup upgraded Nomura Research Institute from a “strong sell” to a “hold” rating just days earlier, on November 19. This divergence in ratings highlights a mixed outlook among analysts. Currently, two research analysts have categorized the stock as “hold,” while one has assigned it a “sell” rating. According to data from MarketBeat.com, the stock now holds a consensus rating of “reduce.”
Recent Financial Performance
Nomura Research Institute reported its latest earnings results on October 30, revealing an earnings per share (EPS) of $0.33 for the quarter. The company’s revenue reached $1.37 billion, slightly surpassing the consensus estimate of $1.36 billion. The firm demonstrated a strong return on equity of 22.63% and a net margin of 12.96%, indicating effective cost management and profitability.
Analysts are projecting that Nomura Research Institute will achieve an EPS of 1.04 for the current fiscal year, suggesting a cautious optimism about its future performance.
Company Overview
Founded in 1965 and based in Tokyo, the Nomura Research Institute, Ltd. (NRI) specializes in management consulting and information technology services. The firm integrates industry research with strategic advisory and systems development to assist both corporate and public-sector clients in navigating complex business and technology challenges. NRI’s core services encompass management and IT consulting, system integration, application development, and IT outsourcing, all aimed at facilitating digital transformation initiatives.
As market analysts continue to evaluate NRI’s performance, the recent fluctuations in ratings reflect broader trends impacting the consulting and technology sectors. Investors and stakeholders will be closely monitoring the company’s strategic responses to maintain its competitive edge in the market.
