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Sony (SONY) Registers a Bigger Fall Than the Market: Important Facts to Note
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Sony (SONY - Free Report) closed the most recent trading day at $19.51, moving -4.03% from the previous trading session. This change lagged the S&P 500's daily loss of 0.37%. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq lost 1.33%.
The stock of electronics and media company has fallen by 8.18% in the past month, lagging the Consumer Discretionary sector's gain of 1.15% and the S&P 500's gain of 2.02%.
Market participants will be closely following the financial results of Sony in its upcoming release. The company's earnings per share (EPS) are projected to be $0.13, reflecting a 38.1% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $17.99 billion, indicating a 4.29% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.28 per share and revenue of $78.5 billion, which would represent changes of +12.28% and -5.31%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Sony. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.19% lower. At present, Sony boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Sony is currently exchanging hands at a Forward P/E ratio of 15.85. This denotes a premium relative to the industry average Forward P/E of 12.67.
One should further note that SONY currently holds a PEG ratio of 1.62. 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. Audio Video Production stocks are, on average, holding a PEG ratio of 1.62 based on yesterday's closing prices.
The Audio Video Production industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 184, putting it in the bottom 25% 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.
To follow SONY in the coming trading sessions, be sure to utilize Zacks.com.
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Sony (SONY) Registers a Bigger Fall Than the Market: Important Facts to Note
Sony (SONY - Free Report) closed the most recent trading day at $19.51, moving -4.03% from the previous trading session. This change lagged the S&P 500's daily loss of 0.37%. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq lost 1.33%.
The stock of electronics and media company has fallen by 8.18% in the past month, lagging the Consumer Discretionary sector's gain of 1.15% and the S&P 500's gain of 2.02%.
Market participants will be closely following the financial results of Sony in its upcoming release. The company's earnings per share (EPS) are projected to be $0.13, reflecting a 38.1% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $17.99 billion, indicating a 4.29% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.28 per share and revenue of $78.5 billion, which would represent changes of +12.28% and -5.31%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Sony. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.19% lower. At present, Sony boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Sony is currently exchanging hands at a Forward P/E ratio of 15.85. This denotes a premium relative to the industry average Forward P/E of 12.67.
One should further note that SONY currently holds a PEG ratio of 1.62. 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. Audio Video Production stocks are, on average, holding a PEG ratio of 1.62 based on yesterday's closing prices.
The Audio Video Production industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 184, putting it in the bottom 25% 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.
To follow SONY in the coming trading sessions, be sure to utilize Zacks.com.