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Sony (SONY) Stock Drops Despite Market Gains: Important Facts to Note
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Sony (SONY - Free Report) ended the recent trading session at $23.46, demonstrating a -1.55% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.17%. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq increased by 0.4%.
Prior to today's trading, shares of the electronics and media company had gained 1.06% outpaced the Consumer Discretionary sector's loss of 5.4% and the S&P 500's loss of 1.29%.
Investors will be eagerly watching for the performance of Sony in its upcoming earnings disclosure. Meanwhile, our latest consensus estimate is calling for revenue of $19.93 billion, down 5.46% from the prior-year quarter.
SONY's full-year Zacks Consensus Estimates are calling for earnings of $1.41 per share and revenue of $81.26 billion. These results would represent year-over-year changes of +23.68% and -1.98%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Sony is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, Sony is holding a Forward P/E ratio of 16.87. This expresses a premium compared to the average Forward P/E of 13.86 of its industry.
Investors should also note that SONY has a PEG ratio of 1.72 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Audio Video Production stocks are, on average, holding a PEG ratio of 1.72 based on yesterday's closing prices.
The Audio Video Production industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 188, this industry ranks in the bottom 24% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Sony (SONY) Stock Drops Despite Market Gains: Important Facts to Note
Sony (SONY - Free Report) ended the recent trading session at $23.46, demonstrating a -1.55% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.17%. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq increased by 0.4%.
Prior to today's trading, shares of the electronics and media company had gained 1.06% outpaced the Consumer Discretionary sector's loss of 5.4% and the S&P 500's loss of 1.29%.
Investors will be eagerly watching for the performance of Sony in its upcoming earnings disclosure. Meanwhile, our latest consensus estimate is calling for revenue of $19.93 billion, down 5.46% from the prior-year quarter.
SONY's full-year Zacks Consensus Estimates are calling for earnings of $1.41 per share and revenue of $81.26 billion. These results would represent year-over-year changes of +23.68% and -1.98%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Sony is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, Sony is holding a Forward P/E ratio of 16.87. This expresses a premium compared to the average Forward P/E of 13.86 of its industry.
Investors should also note that SONY has a PEG ratio of 1.72 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Audio Video Production stocks are, on average, holding a PEG ratio of 1.72 based on yesterday's closing prices.
The Audio Video Production industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 188, this industry ranks in the bottom 24% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.