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Sony (SONY) Stock Declines While Market Improves: Some Information for Investors
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Sony (SONY - Free Report) closed at $22.77 in the latest trading session, marking a -2.15% move from the prior day. This change lagged the S&P 500's daily gain of 1.66%. On the other hand, the Dow registered a gain of 1.19%, and the technology-centric Nasdaq increased by 2.78%.
The stock of electronics and media company has risen by 15.14% in the past month, leading the Consumer Discretionary sector's gain of 1.92% and the S&P 500's loss of 1.49%.
Analysts and investors alike will be keeping a close eye on the performance of Sony in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.33, showcasing a 10% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $16.67 billion, reflecting a 8.14% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.28 per share and a revenue of $78.16 billion, demonstrating changes of +12.28% and -5.72%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Sony. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Sony possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Sony is presently being traded at a Forward P/E ratio of 18.14. This denotes a premium relative to the industry average Forward P/E of 14.32.
Investors should also note that SONY has a PEG ratio of 1.85 right now. 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 industry currently had an average PEG ratio of 1.85 as of yesterday's close.
The Audio Video Production industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 183, this industry ranks in the bottom 26% of all industries, numbering over 250.
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 follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Sony (SONY) Stock Declines While Market Improves: Some Information for Investors
Sony (SONY - Free Report) closed at $22.77 in the latest trading session, marking a -2.15% move from the prior day. This change lagged the S&P 500's daily gain of 1.66%. On the other hand, the Dow registered a gain of 1.19%, and the technology-centric Nasdaq increased by 2.78%.
The stock of electronics and media company has risen by 15.14% in the past month, leading the Consumer Discretionary sector's gain of 1.92% and the S&P 500's loss of 1.49%.
Analysts and investors alike will be keeping a close eye on the performance of Sony in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.33, showcasing a 10% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $16.67 billion, reflecting a 8.14% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.28 per share and a revenue of $78.16 billion, demonstrating changes of +12.28% and -5.72%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Sony. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Sony possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Sony is presently being traded at a Forward P/E ratio of 18.14. This denotes a premium relative to the industry average Forward P/E of 14.32.
Investors should also note that SONY has a PEG ratio of 1.85 right now. 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 industry currently had an average PEG ratio of 1.85 as of yesterday's close.
The Audio Video Production industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 183, this industry ranks in the bottom 26% of all industries, numbering over 250.
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 follow all of these stock-moving metrics, and many more, on Zacks.com.