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Sony (SONY) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Sony (SONY - Free Report) closed at $104.30, marking a -1.47% move from the previous day. This change lagged the S&P 500's daily loss of 0.54%.
Coming into today, shares of the electronics and media company had gained 7.75% in the past month. In that same time, the Consumer Discretionary sector lost 4.17%, while the S&P 500 gained 3.05%.
SONY will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.04, down 40.23% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $21.29 billion, up 16.3% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.79 per share and revenue of $91.19 billion. These totals would mark changes of -34.5% and +7.28%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for SONY. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team 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, 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 0.13% higher within the past month. SONY is currently a Zacks Rank #3 (Hold).
In terms of valuation, SONY is currently trading at a Forward P/E ratio of 18.27. This represents a premium compared to its industry's average Forward P/E of 16.74.
Also, we should mention that SONY has a PEG ratio of 1.57. 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. SONY's industry had an average PEG ratio of 1.36 as of yesterday's close.
The Audio Video Production industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 183, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Sony (SONY - Free Report) closed at $104.30, marking a -1.47% move from the previous day. This change lagged the S&P 500's daily loss of 0.54%.
Coming into today, shares of the electronics and media company had gained 7.75% in the past month. In that same time, the Consumer Discretionary sector lost 4.17%, while the S&P 500 gained 3.05%.
SONY will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.04, down 40.23% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $21.29 billion, up 16.3% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.79 per share and revenue of $91.19 billion. These totals would mark changes of -34.5% and +7.28%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for SONY. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team 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, 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 0.13% higher within the past month. SONY is currently a Zacks Rank #3 (Hold).
In terms of valuation, SONY is currently trading at a Forward P/E ratio of 18.27. This represents a premium compared to its industry's average Forward P/E of 16.74.
Also, we should mention that SONY has a PEG ratio of 1.57. 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. SONY's industry had an average PEG ratio of 1.36 as of yesterday's close.
The Audio Video Production industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 183, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.