Sony (SONY) Stock Dips While Market Gains: Key Facts

Company Performance - Sony's stock closed at $24.65, down 2.07%, underperforming the S&P 500 which gained 0.28% [1] - Over the past month, Sony's stock has decreased by 2.86%, while the Consumer Discretionary sector and S&P 500 gained 5.57% and 4.37% respectively [1][2] Earnings Forecast - Sony is expected to report an EPS of $0.24, unchanged from the same quarter last year [2] - For the fiscal year, earnings are projected at $1.16 per share and revenue at $79.87 billion, reflecting declines of -5.69% and -6.09% from the previous year [2] Analyst Estimates - Recent changes to analyst estimates for Sony are crucial as they reflect short-term business dynamics [3] - Positive revisions in estimates indicate analyst optimism regarding the company's business and profitability [3] Zacks Rank and Valuation - Sony currently holds a Zacks Rank of 5 (Strong Sell), with the Zacks Consensus EPS estimate increasing by 0.65% over the last 30 days [5] - The company has a Forward P/E ratio of 21.65, which is lower than the industry average of 35.93 [6] - Sony's PEG ratio stands at 12.1, aligning with the average PEG ratio of the Audio Video Production industry [6] Industry Context - The Audio Video Production industry, part of the Consumer Discretionary sector, has a Zacks Industry Rank of 201, placing it in the bottom 19% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]