Nomura Research Institute (OTCMKTS: NRILY) has received a significant downgrade from Zacks Research, which has shifted its rating from “hold” to “strong sell.” The change was announced in a research report released on Monday, impacting investor sentiment regarding the firm’s stock performance.
In a contrasting move, Citigroup upgraded Nomura Research Institute from a “strong sell” to a “hold” rating on November 19. This divergence highlights the mixed evaluations from different analysts regarding the company’s outlook. Currently, two research analysts hold a “hold” rating, while one has assigned a “sell” rating to the stock. According to data from MarketBeat.com, the overall consensus rating for Nomura Research Institute stands at “reduce.”
Recent Financial Results
Nomura Research Institute reported its most recent earnings on October 30. The company announced earnings per share (EPS) of $0.33 for the quarter, slightly exceeding market expectations. The revenue for the quarter reached $1.37 billion, compared to the consensus estimate of $1.36 billion. The company also achieved a return on equity of 22.63%, along with a net margin of 12.96%.
Looking ahead, analysts predict that Nomura Research Institute will post an EPS of 1.04 for the current year, indicating a cautious outlook.
About Nomura Research Institute
Founded in 1965 and based in Tokyo, Nomura Research Institute, Ltd. (NRI) offers a comprehensive range of management consulting and information technology services. The firm specializes in combining industry research, strategic advisory, and systems development to assist both corporate and public-sector clients in overcoming complex business and technology challenges.
NRI is recognized for its ability to merge consulting insights with extensive system integration, outsourcing, and software solutions, thereby supporting clients in their digital transformation initiatives. The company’s core services include management and IT consulting, system integration, application development, and IT outsourcing.
As investors and analysts monitor the situation closely, the contrast in ratings from Zacks Research and Citigroup reflects the challenges facing Nomura Research Institute in a competitive market environment.
