We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Sony (SONY) Stock Slides as Market Rises: Facts to Know Before You Trade
Read MoreHide Full Article
In the latest close session, Sony (SONY - Free Report) was down 2.28% at $29.10. This change lagged the S&P 500's daily gain of 0.26%. Meanwhile, the Dow experienced a rise of 0.15%, and the technology-dominated Nasdaq saw an increase of 0.48%.
The electronics and media company's stock has climbed by 8.21% in the past month, exceeding the Consumer Discretionary sector's loss of 0.21% and the S&P 500's gain of 2.87%.
The investment community will be paying close attention to the earnings performance of Sony in its upcoming release. It is anticipated that the company will report an EPS of $0.33, marking a 10.81% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $20.04 billion, up 2.64% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $1.18 per share and a revenue of $81.05 billion, demonstrating changes of -4.07% and -4.7%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Sony. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.29% higher within the past month. Sony is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Sony has a Forward P/E ratio of 25.24 right now. For comparison, its industry has an average Forward P/E of 25.24, which means Sony is trading at no noticeable deviation to the group.
The Audio Video Production industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 101, this industry ranks in the top 41% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Sony (SONY) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest close session, Sony (SONY - Free Report) was down 2.28% at $29.10. This change lagged the S&P 500's daily gain of 0.26%. Meanwhile, the Dow experienced a rise of 0.15%, and the technology-dominated Nasdaq saw an increase of 0.48%.
The electronics and media company's stock has climbed by 8.21% in the past month, exceeding the Consumer Discretionary sector's loss of 0.21% and the S&P 500's gain of 2.87%.
The investment community will be paying close attention to the earnings performance of Sony in its upcoming release. It is anticipated that the company will report an EPS of $0.33, marking a 10.81% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $20.04 billion, up 2.64% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $1.18 per share and a revenue of $81.05 billion, demonstrating changes of -4.07% and -4.7%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Sony. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.29% higher within the past month. Sony is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Sony has a Forward P/E ratio of 25.24 right now. For comparison, its industry has an average Forward P/E of 25.24, which means Sony is trading at no noticeable deviation to the group.
The Audio Video Production industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 101, this industry ranks in the top 41% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.