Analysts at Zacks Research have downgraded the rating of **Nomura Research Institute** (OTCMKTS: NRILY) from “hold” to “strong sell.” This change was reflected in a research report released on **October 30, 2023**. The downgrade comes amidst a mixed outlook for the company’s stock, which has seen varying assessments from different financial institutions.
In a contrasting move, **Citigroup** has upgraded its rating for Nomura Research Institute from “strong sell” to “hold.” This adjustment was noted in a separate report issued on **November 19, 2023**. Currently, two research analysts have assigned a “hold” rating to the stock, while one has classified it as a sell. According to data from MarketBeat.com, the consensus rating for Nomura Research Institute sits at “reduce.”
Performance metrics released by Nomura Research Institute illustrate the company’s financial standing. In its latest earnings report, the firm announced an earnings per share (EPS) of **$0.33** for the quarter. Revenue for the same period reached **$1.37 billion**, slightly surpassing the consensus estimate of **$1.36 billion**. The company reported a return on equity of **22.63%** and maintained a net margin of **12.96%**.
Analysts project that Nomura Research Institute will achieve an EPS of **$1.04** for the current year, indicating a cautious outlook for the remainder of the fiscal period.
Company Overview and Services
Founded in **1965**, Nomura Research Institute, Ltd. (NRI) is headquartered in **Tokyo** and specializes in management consulting and information technology services. The firm is recognized for its ability to blend industry research with strategic advisory services and systems development. This approach enables NRI to assist both corporate and public-sector clients in tackling complex business and technology challenges.
NRI’s core competencies encompass management and IT consulting, system integration, application development, and IT outsourcing. The organization has built a reputation for effectively integrating consulting insights with large-scale systems integration, outsourcing, and software solutions, particularly in support of digital transformation initiatives.
As market dynamics continue to evolve, the ratings and financial performance of Nomura Research Institute will be closely monitored by investors and analysts alike. The contrasting assessments from Zacks Research and Citigroup highlight the varying perspectives on the company’s future potential.
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