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The Zacks Analyst Blog Highlights Intuit, Diageo, Sony Group, Southern, and Boston Scientific

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For Immediate Release

Chicago, IL – October 21, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Intuit Inc. (INTU - Free Report) , Diageo plc (DEO - Free Report) , Sony Group Corp. (SONY - Free Report) , The Southern Co. (SO - Free Report) , and Boston Scientific Corp. (BSX - Free Report) .

Here are highlights from Thursday’s Analyst Blog:

Top Research Reports for Intuit, Diageo and Sony

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including Intuit, Diageo plc and Sony Group Corp. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

Intuit shares have underperformed against the Zacks Computer – Software industry over the year-to-date period (-37.3% vs. -32.2%). The company is facing macroeconomic and geopolitical headwinds which might significantly hurt small businesses operations, thereby posing risks for Intuit’s top-line growth. Additionally, higher costs and expenses due to increased investments in marketing and engineering teams are likely to continue impacting bottom-line results in the near term.

However, Intuit is benefiting from strong momentum in online ecosystem revenues and solid professional tax revenues. The TurboTax Live offering is also driving growth in the Consumer tax business. Solid momentum in the company’s lending product, QuickBooks Capital, remains a positive.

Moreover, the company’s strategy of shifting its business to cloud-based subscription model will help generate stable revenues over the long run. We expect Intuit’s revenues to grow at a CAGR of 14.66% through fiscal 2023-2025.

(You can read the full research report on Intuit here >>>)

Diageo's shares have underperformed against the Zacks Beverages - Alcohol industry over the past year (-17.8% vs. -7.1%). Continued inflationary pressures and currency headwinds are concerning for the company. Nevertheless, recovery in the on-trade channel, strong consumer demand in the off-trade and market share gains aided Diageo’s fiscal 2022 results.

It witnessed sales, operating margin and earnings growth driven by organic sales growth across all regions. Price/mix gained from a positive mix due to the robust growth in super-premium-plus brands, particularly scotch, tequila and Chinese white spirits.

DEO’s margin trends were favorable in fiscal 2022, thanks to its premiumization efforts, recovery in markets, pricing actions and supply productivity savings, which mostly offset the cost inflation. It provided a decent view for fiscal 2023, with net sales growth expected across North America, Europe and Asia-Pacific.

(You can read the full research report on Diageo here >>>)

Sony’s shares have declined -41.7% over the past year against the Zacks Audio Video Production industry’s decline of -42.3%. Due to weak macroeconomic conditions, the company trimmed its operating income guidance for fiscal 2022.

Operating income is now projected to decline 8% against earlier projected decline of 3.5%. The company expects operating margin to be likely affected by decline in Game & Network Services unit operating income. Stiff rivalry and high cost-of-goods-sold pose concerns.

However, Sony’s performance is gaining from continued strength in Music and Pictures’ segments. The company remains focused on the premium segment of the branded products market to maximize growth.

For fiscal 2022, the company now expects sales to improve 16% due to higher Music, Pictures and E&TS segment sales. Strategic acquisitions and joint ventures bode well in the long haul. The company continues to expect 18-million-unit sales for its PlayStation 5.

(You can read the full research report on Sony here >>>)

Other noteworthy reports we are featuring today include The Southern Co., and Boston Scientific Corp.

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