Sony Group Corporation (SONY) is scheduled to report third-quarter fiscal 2024 earnings on Feb. 13.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for earnings is pegged at 29 cents per share, indicating a decline of 27.5% from the year-ago reported figure. The consensus estimate for revenues is pegged at $24.32 billion, implying a fall of 4.2% from the prior-year actuals.The company’s earnings surpassed the Zacks Consensus Estimate in each of the last f ...

In Brief After the PlayStation Network experienced a global outage that lasted for nearly a day, Sony says it will compensate PlayStation Plus subscribers by giving them an extra five days of service.The outage seems to have lasted from Friday evening until Saturday evening in the United States, with many PlayStation owners reporting difficulty loading their digital games or connecting with friends online. Downdetector shows that outage reports peaked at around midday Saturday on the East Coast before falli ...

A nearly 24-hour outage disrupted Sony's PlayStation Network starting on Friday.The outage prevented gamers from playing or purchasing games online, disrupting the digital economy.PlayStation returned online, but not before Sony's stock took a 2% dip in after-hours trading.Sony's PlayStation Network went down on Friday, starting a daylong outage that outraged gamers, disrupted the digital economy surrounding the system, and knocked Sony's stock. "PSN has been restored. You should be able to access online f ...

Sony’s PlayStation Network suffered a multi-hour outage beginning Friday evening, infuriating gamers around the world who were unable to access the online store and other apps or features well into Saturday.“We are aware some users might be currently experiencing issues with PSN,” a post on the the official Ask PlayStation X account said Friday night.According to Sony’s PlayStation Network status page, services including account management, gaming and social, PlayStation Video, PlayStation Store, and the Pl ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: In this June 14, 2018, file people stand online next to the PlayStation booth at the 24th Electronic Entertainment Expo E3 at the Los Angeles Convention Center. Credit: AP Photo/Damian Dovarganes, File A major outage of Sony's PlayStation Network (PSN) on Saturday has left tens of thousands of gamers unable to access online serv ...

The most recent trading session ended with Sony (SONY) standing at $22.01, reflecting a -1.3% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily loss of 0.51%. On the other hand, the Dow registered a loss of 0.75%, and the technology-centric Nasdaq decreased by 0.28%.Shares of the electronics and media company have appreciated by 5.74% over the course of the past month, outperforming the Consumer Discretionary sector's gain of 4.16% and the S&P 500's gain of ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Sony (SONY) .Sony currently has an average brokerage recommendation (ABR) of 1.18, on a scale o ...

Sony Corp. shook up the top leadership of the company as well as at its major PlayStation division. It has appointed Hiroki Totoki to the CEO job, and Hideaki Nishino will be the sole CEO of the PlayStation division, Sony Interactive Entertainment.Totoki, a 38-year Sony veteran, will replace Kenichiro Yoshida as CEO on April 1, 2025. (Yep, it’s not an April Fool’s joke). Totoki was previously chief operating officer and chief financial officer. That’s right. He’s a financial guy, not a technologist or game ...

Group 1 - Sony's stock closed at $20.77, reflecting a decrease of 0.67% from the previous day, underperforming the S&P 500's gain of 0.16% [1] - Over the past month, Sony's shares have declined by 6.31%, which is worse than the Consumer Discretionary sector's loss of 6.18% and the S&P 500's loss of 2.7% [1] - The upcoming financial results are expected to show an EPS of $0.26, a 35% decrease compared to the same quarter last year, with revenue forecasted at $23.59 billion, indicating a 7.05% decline [2] Group 2 - For the entire fiscal year, earnings are projected at $1.21 per share, with revenue expected to be $82.4 billion, reflecting an increase of 11.01% in earnings but a decrease of 2.32% in revenue compared to the prior year [3] - Recent changes to analyst estimates for Sony indicate shifting near-term business trends, with positive revisions suggesting increased confidence in the company's performance [4] - The Zacks Rank system currently rates Sony as 1 (Strong Buy), with a historical average annual return of +25% for 1 stocks since 1988 [6] Group 3 - Sony's Forward P/E ratio is 17.1, which is lower than the industry's average Forward P/E of 23.57, indicating a valuation discount [7] - The PEG ratio for Sony is currently 12.67, aligning with the average PEG ratio of the Audio Video Production industry [7] - The Audio Video Production industry is ranked 8th in the Zacks Industry Rank, placing it in the top 4% of over 250 industries, suggesting strong performance potential [8]

Group 1: Amazon.com, Inc. (AMZN) - Amazon's shares have outperformed the Zacks Internet - Commerce industry over the past year, increasing by 47.6% compared to the industry's 43.8% [4] - The company is benefiting from strong Prime momentum, ultrafast delivery services, and a robust content portfolio, along with a growing relationship with third-party sellers [4][5] - Positive Q4 2024 guidance indicates a projected 10.7% increase in net sales from 2023, although macroeconomic challenges and rising transportation costs remain concerns [6] Group 2: The Procter & Gamble Co. (PG) - Procter & Gamble's shares have outperformed the Zacks Consumer Products - Staples industry over the past year, with an increase of 8.1% versus 5.4% for the industry [7] - The company focuses on sustainability and adaptability, leading to a ninth consecutive quarter of earnings exceeding consensus estimates [8] - However, challenges include market issues in Greater China, geopolitical tensions, and a projected after-tax headwind of $200 million due to unfavorable commodity costs and currency volatility [9] Group 3: Sony Group Corp. (SONY) - Sony's shares have outperformed the Zacks Audio Video Production industry over the past year, increasing by 11.3% compared to 11.2% for the industry [10] - The company is experiencing strength in its G&NS, Music, and I&SS units, with a revised revenue outlook for fiscal 2024 increased to ¥12,710 billion [10][11] - Concerns include lower hardware sales and competition, with projected sales for the I&SS unit at ¥1,770 billion for fiscal 2024 [12] Group 4: The Monarch Cement Co. (MCEM) - Monarch Cement's shares have outperformed the Zacks Building Products - Concrete and Aggregates industry over the past year, with a 45.1% increase compared to 7.1% for the industry [13] - The company reported a 4% year-over-year increase in net sales to $202.48 million and a 12% rise in gross profit to $74.73 million, driven by effective pricing and strong demand [13][14] - Monarch Cement shows financial strength with $46.55 million in operating cash flow, a $2.50-per-share dividend, and no debt on its $15 million credit facility [14][15]