Back to top

Image: Bigstock

Panasonic Corp. (PCRFY) Dips More Than Broader Markets: What You Should Know

Read MoreHide Full Article

In the latest trading session, Panasonic Corp. (PCRFY - Free Report) closed at $11.72, marking a -0.68% move from the previous day. This change lagged the S&P 500's daily loss of 0.42%. At the same time, the Dow lost 0.56%, and the tech-heavy Nasdaq lost 0.08%.

Prior to today's trading, shares of the company had gained 0.25% over the past month. This has outpaced the Consumer Discretionary sector's loss of 2.53% and lagged the S&P 500's gain of 1.02% in that time.

Wall Street will be looking for positivity from Panasonic Corp. as it approaches its next earnings report date. In that report, analysts expect Panasonic Corp. to post earnings of $0.22 per share. This would mark year-over-year growth of 22.22%.

For the full year, our Zacks Consensus Estimates are projecting earnings of $1 per share and revenue of $61.71 billion, which would represent changes of +19.05% and -0.44%, respectively, from the prior year.

Any recent changes to analyst estimates for Panasonic Corp. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 9.06% higher. Panasonic Corp. is currently a Zacks Rank #3 (Hold).

Investors should also note Panasonic Corp.'s current valuation metrics, including its Forward P/E ratio of 11.76. Its industry sports an average Forward P/E of 19.93, so we one might conclude that Panasonic Corp. is trading at a discount comparatively.

Also, we should mention that PCRFY has a PEG ratio of 0.49. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Audio Video Production was holding an average PEG ratio of 3.55 at yesterday's closing price.

The Audio Video Production industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 109, which puts it in the top 44% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on

See More Zacks Research for These Tickers

Normally $25 each - click below to receive one report FREE:

Panasonic Corp. (PCRFY) - free report >>

Published in