Report
Richard Hilgert
EUR 101.80 For Business Accounts Only

Nissan Fiscal 3Q Down on Strong Yen but Ahead of Market Expectations; Maintaining $24 FVE

No-moat-rated Nissan reported diluted earnings per share before special items, or EPS, of JPY 32.37 for fiscal 2016 third quarter, beating the consensus of JPY 29.67 by a healthy margin, but slightly down from JPY 33.23 reported in the same period last year. Nissan was adversely impacted by the yen strengthening 13% and 11% versus the euro and the U.S. dollar, respectively. However, global sales volume was increased 6% driven primarily by a 10% lift in European sales, but solid gains in most reg...
Underlying
NISSAN MOTOR ADR

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Richard Hilgert

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