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Sony (SONY) Advances While Market Declines: Some Information for Investors
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Sony (SONY - Free Report) ended the recent trading session at $23.95, demonstrating a +1.83% change from the preceding day's closing price. This change outpaced the S&P 500's 0.47% loss on the day. At the same time, the Dow added 0.1%, and the tech-heavy Nasdaq lost 1.25%.
The electronics and media company's shares have seen an increase of 0.34% over the last month, surpassing the Consumer Discretionary sector's loss of 2.96% and falling behind the S&P 500's gain of 1.15%.
The investment community will be paying close attention to the earnings performance of Sony in its upcoming release. The company's earnings per share (EPS) are projected to be $0.38, reflecting a 8.57% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $19.93 billion, showing a 5.46% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.45 per share and revenue of $81.26 billion, which would represent changes of +27.19% and -1.98%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Sony. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.83% higher. At present, Sony boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Sony has a Forward P/E ratio of 16.19 right now. This denotes a premium relative to the industry average Forward P/E of 14.89.
It's also important to note that SONY currently trades at a PEG ratio of 1.53. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Audio Video Production industry stood at 1.53 at the close of the market yesterday.
The Audio Video Production industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 236, which puts it in the bottom 5% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Sony (SONY) Advances While Market Declines: Some Information for Investors
Sony (SONY - Free Report) ended the recent trading session at $23.95, demonstrating a +1.83% change from the preceding day's closing price. This change outpaced the S&P 500's 0.47% loss on the day. At the same time, the Dow added 0.1%, and the tech-heavy Nasdaq lost 1.25%.
The electronics and media company's shares have seen an increase of 0.34% over the last month, surpassing the Consumer Discretionary sector's loss of 2.96% and falling behind the S&P 500's gain of 1.15%.
The investment community will be paying close attention to the earnings performance of Sony in its upcoming release. The company's earnings per share (EPS) are projected to be $0.38, reflecting a 8.57% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $19.93 billion, showing a 5.46% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.45 per share and revenue of $81.26 billion, which would represent changes of +27.19% and -1.98%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Sony. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.83% higher. At present, Sony boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Sony has a Forward P/E ratio of 16.19 right now. This denotes a premium relative to the industry average Forward P/E of 14.89.
It's also important to note that SONY currently trades at a PEG ratio of 1.53. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Audio Video Production industry stood at 1.53 at the close of the market yesterday.
The Audio Video Production industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 236, which puts it in the bottom 5% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.