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Sony (SONY) Stock Sinks As Market Gains: What You Should Know
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Sony (SONY - Free Report) closed at $20.53 in the latest trading session, marking a -2.93% move from the prior day. This move lagged the S&P 500's daily gain of 0.5%. Elsewhere, the Dow saw an upswing of 0.7%, while the tech-heavy Nasdaq appreciated by 0.31%.
Prior to today's trading, shares of the electronics and media company had lost 4.39% lagged the Consumer Discretionary sector's gain of 1.82% and the S&P 500's loss of 0.23%.
The investment community will be paying close attention to the earnings performance of Sony in its upcoming release. The company is expected to report EPS of $0.13, down 38.1% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $17.99 billion, reflecting a 4.29% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.28 per share and revenue of $78.5 billion. These totals would mark changes of +12.28% and -5.31%, respectively, from last year.
Any recent changes to analyst estimates for Sony should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. The Zacks Consensus EPS estimate has moved 0.58% lower within the past month. Sony presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Sony is at present trading with a Forward P/E ratio of 16.49. This represents a premium compared to its industry average Forward P/E of 12.86.
Meanwhile, SONY's PEG ratio is currently 1.68. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Audio Video Production was holding an average PEG ratio of 1.68 at yesterday's closing price.
The Audio Video Production industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 176, placing it within the bottom 28% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Sony (SONY) Stock Sinks As Market Gains: What You Should Know
Sony (SONY - Free Report) closed at $20.53 in the latest trading session, marking a -2.93% move from the prior day. This move lagged the S&P 500's daily gain of 0.5%. Elsewhere, the Dow saw an upswing of 0.7%, while the tech-heavy Nasdaq appreciated by 0.31%.
Prior to today's trading, shares of the electronics and media company had lost 4.39% lagged the Consumer Discretionary sector's gain of 1.82% and the S&P 500's loss of 0.23%.
The investment community will be paying close attention to the earnings performance of Sony in its upcoming release. The company is expected to report EPS of $0.13, down 38.1% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $17.99 billion, reflecting a 4.29% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.28 per share and revenue of $78.5 billion. These totals would mark changes of +12.28% and -5.31%, respectively, from last year.
Any recent changes to analyst estimates for Sony should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. The Zacks Consensus EPS estimate has moved 0.58% lower within the past month. Sony presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Sony is at present trading with a Forward P/E ratio of 16.49. This represents a premium compared to its industry average Forward P/E of 12.86.
Meanwhile, SONY's PEG ratio is currently 1.68. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Audio Video Production was holding an average PEG ratio of 1.68 at yesterday's closing price.
The Audio Video Production industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 176, placing it within the bottom 28% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.