Why Sony (SONY) Dipped More Than Broader Market Today

Core Insights - Sony's stock closed at $29.74, reflecting a -1.2% change, underperforming the S&P 500's loss of 0.38% [1] - Over the past month, Sony's shares have increased by 4.99%, outperforming the Consumer Discretionary sector's decline of 2.35% and the S&P 500's gain of 4.06% [1] Earnings Projections - Upcoming EPS for Sony is projected at $0.33, indicating a 10.81% decrease compared to the same quarter last year [2] - Revenue for the upcoming quarter is estimated at $20.04 billion, representing a 2.64% increase from the equivalent quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $1.18 per share and revenue at $81.05 billion, reflecting changes of -4.07% and -4.7% respectively from the prior year [3] - Recent revisions to analyst forecasts for Sony are important as they indicate changing near-term business trends [3] Valuation Metrics - Sony is currently trading with a Forward P/E ratio of 25.51, which is in line with the industry average [6] - The Audio Video Production industry, part of the Consumer Discretionary sector, has a Zacks Industry Rank of 208, placing it in the bottom 16% of over 250 industries [6] Zacks Rank System - The Zacks Rank system ranges from 1 (Strong Buy) to 5 (Strong Sell), with 1 stocks historically returning an average of +25% annually since 1988 [5] - Sony currently holds a Zacks Rank of 3 (Hold), with no changes in the EPS estimate over the last 30 days [5]