SAN FRANCISCO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Swift Navigation ("Swift"), a leader in precise positioning technology, announced a joint solution developed with Sony Semiconductor Solutions Corporation (“Sony”) that integrates Swift’s Skylark® Precise Positioning Service with Sony’s ultra-low-power CXD5610 GNSS chipset. The partnership dramatically enhances location accuracy, unlocking new capabilities that boost safety, efficiency, and regulatory compliance across logistics, construction, micromobility, ...

Core Viewpoint - Sony's stock has underperformed recently, returning -5.6% over the past month compared to the S&P 500's +3.2% and the Zacks Audio Video Production industry's -4.6% [1] Earnings Estimates - Sony is expected to post earnings of $0.27 per share for the current quarter, reflecting a year-over-year increase of +22.7% [4] - The consensus earnings estimate for the current fiscal year is $1.12, indicating a year-over-year change of +2.8%, which has remained unchanged over the last 30 days [4] - For the next fiscal year, the consensus earnings estimate is $1.21, representing an increase of +8.4% from the previous year, also unchanged over the past month [5] Revenue Growth - The consensus sales estimate for Sony is $20.33 billion for the current quarter, indicating a year-over-year change of +7.7% [8] - The sales estimates for the current and next fiscal years are $90.07 billion and $88.94 billion, reflecting changes of +6.8% and -1.3%, respectively [8] Recent Performance - In the last reported quarter, Sony achieved revenues of $19.32 billion, a year-over-year increase of +16.1% [9] - The reported revenues exceeded the Zacks Consensus Estimate of $17.42 billion by +10.88%, with an EPS surprise of +9.91% [10] - Over the last four quarters, Sony surpassed consensus EPS estimates three times and revenue estimates three times [10] Valuation - Sony is graded A on the Zacks Value Style Score, indicating it is trading at a discount to its peers [14] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for determining whether the stock is fairly valued [12][13] Conclusion - The current Zacks Rank of 3 suggests that Sony may perform in line with the broader market in the near term [15]

Sony (SONY) closed the latest trading day at $17.98, indicating a +0.73% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 0.33%. On the other hand, the Dow registered a loss of 0.22%, and the technology-centric Nasdaq decreased by 0.56%. The electronics and media company's stock has dropped by 7.8% in the past month, falling short of the Consumer Discretionary sector's gain of 0.99% and the S&P 500's gain of 1.83%. The upcoming earnings release of Sony wil ...

The most recent trading session ended with Sony (SONY) standing at $17.75, reflecting a +0.74% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 0.27%. Meanwhile, the Dow experienced a rise of 0.65%, and the technology-dominated Nasdaq saw an increase of 0.26%. The electronics and media company's stock has dropped by 8.38% in the past month, falling short of the Consumer Discretionary sector's gain of 1.51% and the S&P 500's gain of 2%. Investors will be eagerly ...

Stock splits tend to be good news for a company. Will it be the same for Sony? This is the year of stock splits, it seems. Retail behemoth Walmart was the trendsetter, executing its split in February with dozens of companies following suit. The highest-profile splits came in the summer when the anointed leader of the artificial intelligence (AI) boom, Nvidia, split its stock 10-for-1, and the hottest fast-food stock, Chipotle Mexican Grill, executed one of the largest in history, splitting its stock 50-for- ...

Sony (SONY) closed the most recent trading day at $19.09, moving +0.58% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.77%. Meanwhile, the Dow experienced a rise of 0.47%, and the technology-dominated Nasdaq saw an increase of 0.87%. Shares of the electronics and media company have appreciated by 1.56% over the course of the past month, underperforming the Consumer Discretionary sector's gain of 2.82% and the S&P 500's gain of 4.87%. Analysts and investors ...

This brand-name tech stock is set to split its shares for the first time in almost a quarter of a century. For a majority of the last two years, no trend has excited the investing community quite like the rise of artificial intelligence (AI). But in 2024, the euphoria surrounding stock splits has, arguably, played an equally critical role in lifting stock valuations. A stock split is a mechanism publicly traded companies have available that allows them to adjust their share price and outstanding share count ...

The most recent trading session ended with Sony (SONY) standing at $96.80, reflecting a +0.24% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.93%. Elsewhere, the Dow lost 0.41%, while the tech-heavy Nasdaq lost 1.53%. Shares of the electronics and media company witnessed a loss of 1.01% over the previous month, trailing the performance of the Consumer Discretionary sector with its gain of 4.21% and the S&P 500's gain of 2.17%. Analysts and inve ...

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 Sony's PlayStation Network went down for hours on Tuesday, frustrating gamers around the world who complained they weren't able t ...

Core Insights - The PlayStation 5 Pro is set to launch in November 2024, featuring significant upgrades in processing power and graphics capabilities compared to the original PS5, allowing for up to 45% faster rendering of graphics [3][4] - The pricing of the PS5 Pro is notably high, starting at £699 for the digital-only version and reaching £798 with a disk drive, which has led to concerns about consumer affordability amid rising living costs and inflation [5][7][10] - The gaming industry is currently facing challenges such as layoffs and a lack of exclusive titles for the PS5 Pro, raising questions about the necessity and timing of this mid-generation upgrade [8][11][14] Pricing and Market Dynamics - The PS5 Pro's pricing reflects the economic realities of 2024, including increased production costs due to supply chain disruptions and rising material costs, which Sony has passed on to consumers [9][10] - The demand for the PS5 Pro is expected to be high despite its price, with speculation that Sony is producing fewer units to create artificial scarcity, driving demand among hardcore gamers [13][14] Industry Context - The gaming industry has experienced significant shifts since the pandemic, with a surge in demand for consoles and games followed by economic downturns, leading to reduced disposable income for non-essential purchases [7] - The current generation of consoles has been marked by delays and a lack of blockbuster titles, which may hinder the PS5 Pro's appeal to a broader audience [11][12][14]