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Sony (SONY) Outperforms Broader Market: What You Need to Know
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Sony (SONY - Free Report) ended the recent trading session at $25.54, demonstrating a +2.49% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.8% for the day. On the other hand, the Dow registered a gain of 0.94%, and the technology-centric Nasdaq increased by 0.97%.
Shares of the electronics and media company have depreciated by 5.25% over the course of the past month, underperforming the Consumer Discretionary sector's gain of 4.49%, and the S&P 500's gain of 5.12%.
The upcoming earnings release of Sony will be of great interest to investors. The company is expected to report EPS of $0.23, down 4.17% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.16 per share and a revenue of $79.87 billion, signifying shifts of -5.69% and -6.09%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Sony. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.52% lower within the past month. Sony is currently sporting a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Sony is currently trading at a Forward P/E ratio of 21.48. This signifies a discount in comparison to the average Forward P/E of 36.44 for its industry.
Also, we should mention that SONY has a PEG ratio of 12. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Audio Video Production industry held an average PEG ratio of 12.
The Audio Video Production industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 195, placing it within the bottom 21% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Sony (SONY) Outperforms Broader Market: What You Need to Know
Sony (SONY - Free Report) ended the recent trading session at $25.54, demonstrating a +2.49% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.8% for the day. On the other hand, the Dow registered a gain of 0.94%, and the technology-centric Nasdaq increased by 0.97%.
Shares of the electronics and media company have depreciated by 5.25% over the course of the past month, underperforming the Consumer Discretionary sector's gain of 4.49%, and the S&P 500's gain of 5.12%.
The upcoming earnings release of Sony will be of great interest to investors. The company is expected to report EPS of $0.23, down 4.17% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.16 per share and a revenue of $79.87 billion, signifying shifts of -5.69% and -6.09%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Sony. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.52% lower within the past month. Sony is currently sporting a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Sony is currently trading at a Forward P/E ratio of 21.48. This signifies a discount in comparison to the average Forward P/E of 36.44 for its industry.
Also, we should mention that SONY has a PEG ratio of 12. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Audio Video Production industry held an average PEG ratio of 12.
The Audio Video Production industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 195, placing it within the bottom 21% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.