Sony Group(US:SONY) ZACKS·2024-11-05 23:51Company Performance - Sony's stock closed at $18.05, reflecting a +1.75% increase, outperforming the S&P 500's gain of 1.23% on the same day [1] - Over the past month, Sony's shares have decreased by 7.28%, underperforming the Consumer Discretionary sector's increase of 1.35% and the S&P 500's decline of 0.54% [1] Upcoming Earnings Report - Sony is expected to report an EPS of $0.27, representing a 22.73% increase from the same quarter last year [2] - The consensus estimate for quarterly revenue is $20.33 billion, which is a 7.69% increase compared to the previous year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $1.12 per share, indicating a +2.75% change from the previous year [3] - Revenue for the fiscal year is estimated to be $90.07 billion, reflecting a +6.77% increase from the prior year [3] Analyst Estimates and Stock Performance - Recent modifications to analyst estimates for Sony are crucial as they reflect current business trends, with upward revisions indicating positive sentiment towards the company's operations [4] - Adjustments in estimates are correlated with stock price performance, leading to the development of the Zacks Rank system to evaluate these changes [5] Zacks Rank and Valuation - Sony currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [6] - The Forward P/E ratio for Sony is 15.85, which is lower than the industry average Forward P/E of 23.79, indicating a valuation discount [7] Industry Context - The Audio Video Production industry, part of the Consumer Discretionary sector, has a Zacks Industry Rank of 154, placing it in the bottom 39% of over 250 industries [7] - The Zacks Industry Rank evaluates the strength of industry groups based on the average Zacks Rank of individual stocks, with higher-ranked industries outperforming lower-ranked ones [8]