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Sony (SONY) Stock Slides as Market Rises: Facts to Know Before You Trade
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Sony (SONY - Free Report) closed at $20.28 in the latest trading session, marking a -1.02% move from the prior day. This change lagged the S&P 500's daily gain of 0.8%. Elsewhere, the Dow lost 0.16%, while the tech-heavy Nasdaq added 1.63%.
Shares of the electronics and media company have appreciated by 2.3% over the course of the past month, underperforming the Consumer Discretionary sector's gain of 2.91%, and the S&P 500's gain of 8.11%.
Market participants will be closely following the financial results of Sony in its upcoming release. In that report, analysts expect Sony to post earnings of $0.14 per share. This would mark a year-over-year decline of 33.33%. Simultaneously, our latest consensus estimate expects the revenue to be $17.99 billion, showing a 4.29% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $1.25 per share and a revenue of $78.42 billion, demonstrating changes of +1.63% and -7.79%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Sony. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.13% upward. Sony is currently sporting a Zacks Rank of #2 (Buy).
Investors should also note Sony's current valuation metrics, including its Forward P/E ratio of 15.52. This valuation marks a premium compared to its industry average Forward P/E of 14.61.
It's also important to note that SONY currently trades at a PEG ratio of 6.84. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. SONY's industry had an average PEG ratio of 6.84 as of yesterday's close.
The Audio Video Production industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 30% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Sony (SONY) Stock Slides as Market Rises: Facts to Know Before You Trade
Sony (SONY - Free Report) closed at $20.28 in the latest trading session, marking a -1.02% move from the prior day. This change lagged the S&P 500's daily gain of 0.8%. Elsewhere, the Dow lost 0.16%, while the tech-heavy Nasdaq added 1.63%.
Shares of the electronics and media company have appreciated by 2.3% over the course of the past month, underperforming the Consumer Discretionary sector's gain of 2.91%, and the S&P 500's gain of 8.11%.
Market participants will be closely following the financial results of Sony in its upcoming release. In that report, analysts expect Sony to post earnings of $0.14 per share. This would mark a year-over-year decline of 33.33%. Simultaneously, our latest consensus estimate expects the revenue to be $17.99 billion, showing a 4.29% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $1.25 per share and a revenue of $78.42 billion, demonstrating changes of +1.63% and -7.79%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Sony. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.13% upward. Sony is currently sporting a Zacks Rank of #2 (Buy).
Investors should also note Sony's current valuation metrics, including its Forward P/E ratio of 15.52. This valuation marks a premium compared to its industry average Forward P/E of 14.61.
It's also important to note that SONY currently trades at a PEG ratio of 6.84. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. SONY's industry had an average PEG ratio of 6.84 as of yesterday's close.
The Audio Video Production industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 30% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.