Sony Group Corporation (SONY) announced a strategic capital and business tie-up with KADOKAWA CORPORATION ("KADOKAWA"), aimed at transforming the global entertainment landscape. The agreement includes a third-party allotment by KADOKAWA to Sony, scheduled for Jan. 7, 2025, where Sony will acquire 12,054,100 new KADOKAWA shares for nearly ¥50 billion. With this acquisition, Sony is set to become KADOKAWA’s largest shareholder, holding around 10% of its shares, including those acquired in February 2021.Sony a ...

Sony (SONY) ended the recent trading session at $21.18, demonstrating a +0.19% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.04%. Elsewhere, the Dow gained 0.07%, while the tech-heavy Nasdaq lost 0.05%.The the stock of electronics and media company has risen by 6.98% in the past month, leading the Consumer Discretionary sector's loss of 0.56% and the S&P 500's gain of 1.05%.Analysts and investors alike will be keeping a close eye on the ...

Earnings and Revenue Estimates - The Zacks Consensus Estimates anticipate earnings of $1 17 per share and revenue of $82 4 billion for the annual period, representing a +7 34% increase in earnings and a -2 32% decrease in revenue compared to the previous year [1] - For the forthcoming earnings report, the company is predicted to post an EPS of $0 27, indicating a 32 5% decline compared to the same quarter last year, while revenue is expected to be $23 59 billion, a 7 05% decrease year-over-year [8] Stock Performance - Sony's shares have increased by 8 34% over the last month, outperforming the Consumer Discretionary sector's gain of 0 49% and the S&P 500's loss of 0 71% [2] - In the latest market close, Sony reached $21 02, with a +1 74% movement compared to the previous day, outperforming the S&P 500's daily gain of 1 09%, the Dow's gain of 1 18%, and the Nasdaq's gain of 1 03% [7] Valuation Metrics - Sony currently has a PEG ratio of 13 09, which is in line with the Audio Video Production industry's average PEG ratio [5] - The company is trading at a Forward P/E ratio of 17 67, representing a discount relative to the industry's average Forward P/E of 25 76 [10] Analyst Revisions and Rankings - Recent revisions to analyst forecasts for Sony reflect evolving short-term business trends, with upward revisions indicating analysts' positivity towards the company's business operations and profitability [3] - Sony currently carries a Zacks Rank of 2 (Buy), and the Zacks Rank system has a strong track record of outperformance, with 1 ranked stocks yielding an average annual return of +25% since 1988 [4][9] Industry Overview - The Audio Video Production industry, part of the Consumer Discretionary sector, currently holds a Zacks Industry Rank of 19, placing it within the top 8% of over 250 industries [11] - Research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1, as measured by the Zacks Industry Rank [6]

ANSYS, Inc. (ANSS) has joined forces with Sony Semiconductor Solutions Corporation to elevate the validation of perception systems for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AVs). This collaboration leverages Ansys AVxcelerate Sensors to simulate real-world lighting and weather conditions, such as rain, fog and snow, ensuring a high-fidelity evaluation of camera sensors and improving accuracy, safety and performance in AV systems.By integrating Sony's HDR sensor models into Ansys ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...

Sony Group Corporation (SONY) has demonstrated considerable growth this year with its revenues increasing 10% in the first half. This has resulted in its share price appreciating 11.4% compared with the industry’s growth of 10.1% and the broader sector’s gain of 9.9% in the past year.Price PerformanceImage Source: Zacks Investment ResearchSONY has the potential to sustain its growth trajectory in 2025 driven by momentum across the Game & Network Services (GN&S), Music, Entertainment, Technology & Services ( ...

In the latest trading session, Sony (SONY) closed at $20.66, marking a -1.2% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.09%. Elsewhere, the Dow saw an upswing of 0.04%, while the tech-heavy Nasdaq depreciated by 0.1%.The the stock of electronics and media company has risen by 9.02% in the past month, leading the Consumer Discretionary sector's gain of 0.69% and the S&P 500's loss of 0.29%.The investment community will be paying close attention to the earnin ...

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: Sony said it had paid more than $300 million for a 10 percent stake in the media conglomerate behind the smash-hit game 'Elden Ring' Japanese electronics titan Sony said Thursday it had paid more than $300 million for a 10 percent stake in the media conglomerate behind the smash-hit game 'Elden Ring'. Kadokawa, which is known ...

Shares of Japanese technology and entertainment giant Sony Group (SONY -2.90%) slid 3.2% through 10:30 a.m. ET Friday after multiple news outlets reported Sony is eyeing a purchase of (all or part) of Elden Ring developer Kadokawa.Elden Ring is a popular role playing game developed by FromSoftware, a subsidiary of Kadokawa.Kadokawa itself is an entertainment conglomerate a bit like Sony, but smaller. According to S&P Global Market Intelligence, Kadokawa publishes manga comics and video games, produces movie ...

Have you been paying attention to shares of Sony (SONY) ? Shares have been on the move with the stock up 16.7% over the past month. The stock hit a new 52-week high of $21.09 in the previous session. Sony has gained 10.8% since the start of the year compared to the 17.1% move for the Zacks Consumer Discretionary sector and the 8.7% return for the Zacks Audio Video Production industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our ...