Nintendo (NTDOY) Announces Metroid Prime 4 & More At E3 2017

Japanese video game publisher, Nintendo Co Ltd (T:7974) (OTC:NTDOY) organized its press meet at the E3 2017 yesterday. The company spent a considerable time talking about its recently launched console, Switch, and announced a slew of games, including a Metroid Prime 4, in the works, per reports.

Apart from Metroid 4, Nintendo also announced an unnamed Pokémon RPG game in the making. Nintendo’s Pokkén Tournament DX will soon be available on Switch. The company also announced two DLC packs for The Legend of Zelda: Breath of the Wild. The first edition will be released on Jun 30 while the second one will release in the holiday season.

Nintendo added that Super Mario Odyssey, its first big Mario title for Switch, will release on Oct 27, 2017. In addition, the company unveiled a trailer for Fire Emblem Warriors, which will be releasing this fall. A new Rocket League title, exclusive for Switch, will be available to fans around 2017 end (over the holiday season). Apart from that, there are the new Kirby and Yoshi games, to be released in 2018. Nintendo also announced three new Kirby titles for 3DS this year, adds media reports.

In an interview with IGN, Nintendo of America's president and chief operating officer, Reggie Fils-Aime said that in addition to first-party releases, the company wants to add a lot of third party games. He was quoted by IGN saying “We want every high-quality game to have an opportunity to be played on Nintendo Switch. Every single one. Fill in the blank of third-party, high-quality game really wanted on Nintendo Switch; the answer is yes."

Per IGN, some of the third-party collaboration games include The Elder Scrolls 5: Skyrim, Mario + Rabbids Kingdom Battle and multiplayer support for Minecraft on Switch.

Switch has had a spectacular start despite a non-traditional release date. Per NPD, in March, Switch sold nearly 906K units, which is phenomenal, given the fact that most news games/ product launches are usually reserved for the holiday season to benefit from the gifting frenzy. Switch was launched on Mar 3, 2017. The Legend of Zelda: Breath of the Wild also boosted Switch sales. In April, Switch was again adjudged as the best selling console with over 280K units across U.S as per NPD.

The console, priced at $300, combines the functionalities of both conventional consoles and handheld devices. It is designed to attract casual gamers who are increasingly using mobile. Nintendo, after staying away from mobile gaming for long, has now become highly focused on mobile games. Last year’s smash hit, Pokémon Go, gave it the much-needed impetus.

Zacks Rank & Stock Price Movement

At present, Nintendo carries a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Such was the impact of Pokémon go that Nintendo shares grew 120.75% compared with the Zacks Toys/Games/ Hobby/Products industry’s gain of 37.02%, over the past year.

Stocks to Consider

Some better-ranked stocks in the broader tech space include TiVo Corp (NASDAQ:TIVO) , and MercadoLibre (NASDAQ:MELI) and Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) . While TiVo Corp and MercadoLibre sport a Zacks Rank #1 (Strong Buy), Ollie's Bargain Outlet carries a Zacks Rank #2.

In the trailing four quarters, TiVo, MercadoLibre and Ollie's Bargain Outlet delivered average positive earnings surprises of 67.56%, 26.74% and 14.56%, respectively.

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