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Here is What to Know Beyond Why Sony Corporation (SONY) is a Trending Stock
SONYSony Group(SONY) ZACKS·2024-11-07 15:00

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 0.27pershareforthecurrentquarter,reflectingayearoveryearincreaseof+22.70.27 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,representinganincreaseof+8.41.21, 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 90.07billionand90.07 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 19.32billion,ayearoveryearincreaseof+16.119.32 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]