Latest news with #SONY
Yahoo
3 days ago
- Business
- Yahoo
Was Jim Cramer Right About Sony Group Corporation (SONY)?
We recently published a list of In this article, we are going to take a look at where Sony Group Corporation (NYSE:SONY) stands against other stocks that Jim Cramer discusses. In that older episode, a caller brought up Sony Group Corporation (NYSE:SONY), pointing out that the stock was underappreciated despite strong fundamentals, a stock split, dividend boost, and buyback. Cramer said: 'I like it. They've got to get out of this… They've got to tell me, 'Listen, we're not interested in a takeover,' because I just like the stock as is. And it's been weighed down by the takeover talk.' A team of content creators using the latest devices and software to produce high-quality animation and motion pictures. Cramer's faith in Sony paid off handsomely with a 58.99% gain. Sony Group Corporation (NYSE:SONY) blends gaming, entertainment, and consumer electronics under one powerhouse brand, with PlayStation as a major growth driver. Overall, SONY ranks 3rd on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of SONY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SONY and that has 100x upside potential, check out our report about this cheapest AI stock. cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
20-05-2025
- Business
- Yahoo
Wall Street Bulls Look Optimistic About Sony (SONY): Should You Buy?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Sony (SONY) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Sony currently has an average brokerage recommendation (ABR) of 1.36, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 11 brokerage firms. An ABR of 1.36 approximates between Strong Buy and Buy. Of the 11 recommendations that derive the current ABR, nine are Strong Buy, representing 81.8% of all recommendations. Check price target & stock forecast for Sony here>>>The ABR suggests buying Sony, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation. Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement. With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision. Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether. Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5. Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide. On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks. There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices. In terms of earnings estimate revisions for Sony, the Zacks Consensus Estimate for the current year has declined 15.4% over the past month to $1.19. Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Sony. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, it could be wise to take the Buy-equivalent ABR for Sony with a grain of salt. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sony Corporation (SONY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Market Online
16-05-2025
- Business
- The Market Online
Sony warns PS5 consoles may get more expensive
Sony (NYSE:SONY) reported its fiscal Q4 2024 results this week, revealing a mixed performance across its business segments and issuing a cautious outlook for the year ahead amid rising tariff concerns The Japanese tech and entertainment giant posted consolidated sales of ¥2.63 trillion (US$17.24 billion), marking a 24 per cent year-over-year decline In April, Sony raised PS5 prices by up to 25 per cent in select EMEA and Asia-Pacific markets, citing inflation and currency volatility Sony stock (NYSE:SONY) last traded at US$24.87 Sony (NYSE:SONY) reported its fiscal Q4 2024 results this week, revealing a mixed performance across its business segments and issuing a cautious outlook for the year ahead amid rising tariff concerns. The Japanese tech and entertainment giant posted consolidated sales of ¥2.63 trillion (US$17.24 billion), marking a 24 per cent year-over-year decline and falling short of the analyst consensus estimate of US$20.40 billion. Despite the revenue miss, Sony delivered an earnings surprise, with earnings per share (EPS) of ¥32.63 (21 cents), beating expectations of 12 cents. Segment highlights Game and network services: Revenue declined 4.2 per cent to ¥1.05 trillion, while operating income dropped 12.5 per cent to ¥92.7 billion. Sony sold 2.8 million PlayStation 5 units during the quarter, down from 4.5 million a year ago and 9.5 million in the previous quarter. However, game software sales rose 9 per cent, helping boost operating income by 43 per cent year-over-year. Revenue declined 4.2 per cent to ¥1.05 trillion, while operating income dropped 12.5 per cent to ¥92.7 billion. Sony sold 2.8 million PlayStation 5 units during the quarter, down from 4.5 million a year ago and 9.5 million in the previous quarter. However, game software sales rose 9 per cent, helping boost operating income by 43 per cent year-over-year. Music: Continued strong performance with revenue up 9.5 per cent to ¥470.7 billion and operating income rising 17.4 per cent to ¥83.6 billion. Continued strong performance with revenue up 9.5 per cent to ¥470.7 billion and operating income rising 17.4 per cent to ¥83.6 billion. Pictures: Revenue edged up 1.9 per cent to ¥414.6 billion, while operating income surged 74.3 per cent to ¥53.5 billion, driven by strong content performance. Revenue edged up 1.9 per cent to ¥414.6 billion, while operating income surged 74.3 per cent to ¥53.5 billion, driven by strong content performance. Entertainment, technology and services: Revenue fell 9.1 per cent to ¥484.1 billion. Operating losses widened to ¥20.4 billion from ¥6.4 billion a year earlier. Revenue fell 9.1 per cent to ¥484.1 billion. Operating losses widened to ¥20.4 billion from ¥6.4 billion a year earlier. Imaging and sensing solutions: Revenue rose 2.6 per cent to ¥409 billion, with flat operating income at ¥34.5 billion. Revenue rose 2.6 per cent to ¥409 billion, with flat operating income at ¥34.5 billion. Financial services: The segment posted a revenue loss of ¥172.4 billion and an operating loss of ¥11.6 billion. Overall, consolidated operating income declined 11.2 per cent to ¥203.6 billion, while net income rose 8.7 per cent to ¥197.7 billion. Strategic moves and outlook Sony announced a new stock buyback program of up to 100 million shares worth ¥250 billion, effective from May 15, 2025, to May 14, 2026. The company also plans a partial spin-off of its Financial Services unit in October 2025, which will be classified as a discontinued operation starting Q1 FY2025. Looking ahead, Sony expects FY2025 sales of ¥11.7 trillion ($81.82 billion), significantly below the analyst consensus of ¥13.34 trillion. Operating income is projected at ¥1.38 trillion before tariffs and ¥1.28 trillion after accounting for tariff impacts. Tariff concerns and production strategy Sony executives expressed concern over the impact of U.S. tariffs on Chinese-made goods, which have recently fluctuated under the Trump administration. CFO Lin Tao stated the company needs to 'find ¥100 billion' to offset tariff-related costs, hinting at potential price hikes for hardware like the PS5. CEO Hiroki Totoki revealed that Sony is considering manufacturing PlayStation consoles in the U.S. to mitigate tariff exposure—a move aligned with U.S. policy goals but challenging to implement quickly. In April, Sony raised PS5 prices by up to 25 per cent in select EMEA and Asia-Pacific markets, citing inflation and currency volatility. The company has now sold 77.8 million PS5 units since launch, closely tracking the PS4's trajectory. At the beginning of this month, Microsoft (NASDAQ:MSFT) raised prices on its X-Box series consoles. Despite strong earnings in some segments and shareholder-friendly initiatives, Sony's cautious guidance reflects the growing uncertainty in global trade dynamics and consumer electronics demand. About Sony Sony Corp. is one of the most comprehensive entertainment companies in the world, with a portfolio that encompasses electronics, music, motion pictures, mobile, gaming, robotics and financial services. Sony stock (NYSE:SONY) last traded at US$24.87 and has risen 48.48 per cent since this time last year. Join the discussion: Find out what everybody's saying about this stock on Sony's Bullboard, and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
15-05-2025
- Business
- Yahoo
Sony weighs ‘passing on' price of tariffs to consumers, Verge reports
During the company's earnings call, Sony (SONY) CFO Lin Tao said the PlayStation maker is weighing 'passing on' the price of tariffs to consumers to mitigate the effects on its bottom line, The Verge's Dominic Preston reports. Tao did not specifically mention the PlayStation 5, and it's possible the company could attempt to protect pricing on its console through price hikes elsewhere in its electronics business, the author notes. Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on SONY: Disclaimer & DisclosureReport an Issue Morning Movers: Sony and Dynatrace jump following earnings Sony Group Reports Strong FY2024 Results with Entertainment and Technology Growth SONY Earnings: Strong Income Fuels Sony Stock Rally Today Sony Group Reports Strong Operating Income Growth Despite Sales Dip Sony reports FY24 EPS Y187.92 vs. Y157.14 last year Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
SONY's Q4 Earnings Increase Y/Y & Revenues Fall, Costs Down
Sony Group Corporation SONY reported fourth-quarter fiscal 2024 net income per share (on a GAAP basis) of ¥32.63 (21 cents), up from ¥30.72 in the year-ago quarter. The Zacks Consensus Estimate was pegged at 12 cents. Adjusted net income came in at ¥197.7 billion compared with ¥189 billion in the prior-year quarter. Quarterly total revenues plummeted 24% year over year to ¥2,630.2 billion ($17 billion). This downside resulted from soft sales in the Game & Network Services (G&NS), Entertainment, Technology & Services (ET&S) and Financial Services segments amid steady growth across the Music, Pictures and Imaging & Sensing Solutions (I&SS) segments. The Zacks Consensus Estimate was pegged at $20 billion. (See the Zacks Earnings Calendar to stay ahead of market-making news.)In the past year, the stock has gained 47% compared with the Audio Video Production industry's rise of 40.9%. Image Source: Zacks Investment Research In the quarter under review, G&NS sales were down 4.2% year over year to ¥1051.3 billion. Segmental sales decreased due to a fall in sales of hardware and first-party game software titles, offset by higher sales of non-first-party titles and forex tailwinds. Operating income tanked to ¥92.7 billion from ¥106 billion in the prior-year sales improved 9.5% year over year to ¥470.7 billion in the fiscal fourth quarter on the back of higher revenues from streaming services in Recorded Music and Music Publishing. The positive impact from the consolidation of ePlus Inc. within Visual Media & Platform and favorable forex movement cushioned the uptick. Operating income was ¥83.6 billion, up from ¥71.2 billion in the prior-year sales grew 1.9% year over year to ¥414.6 billion. The upside was driven by synergy stemming from the acquisition of Alamo Drafthouse Cinema and higher revenues for Crunchyroll due to paid subscribers strength. Operating income was ¥53.5 billion compared with ¥30.7 billion a year ago.I&SS sales rose 2.6% year over year to ¥409 billion, owing to an increase in sales of image sensors for mobile products and forex strength. Operating income was ¥34.5 billion compared with ¥34.7 billion in the year-ago quarter, owing to favorable forex impact. Sony Corporation price-consensus-eps-surprise-chart | Sony Corporation Quote ET&S sales totaled ¥484.1 billion, down 9% year over year due to a decline in television sales driven by lower unit sales amid forex tailwinds. During the quarter, the interchangeable lens camera market grew about 9% year over year in units. Operating loss was ¥20.4 billion compared with a loss of ¥6.4 billion in the year-ago quarter. Financial Services losses were ¥172.4 billion against revenues of ¥672.9 billion a year ago. This downtick was caused by a considerable revenue decrease at Sony Life. Also, there was a deterioration in net gains and losses on investments related to market fluctuations for both the general account and the separate accounts. Operating loss totaled ¥11.6 billion against income of ¥26.1 billion in the year-ago quarter. All Other sales were up 17.5% to ¥25.6 billion in the fiscal fourth quarter. Operating loss was ¥9.8 billion compared with ¥5.5 billion in the year-ago quarter. For the quarter under review, total costs and expenses were ¥2,423.9 billion, down 25.5% year over year. Operating income was ¥203.6 billion, falling 11.2% year over year. In the 12 months ended on March 31, 2025, Sony generated ¥2,321.7 billion of cash from operating activities compared with ¥1,373.2 billion in the prior-year of March 31, 2025, the company had ¥2,981 billion in cash and cash equivalents with ¥2,354 billion of long-term debt. Sony has provided its outlook for the fiscal year ending March 31, 2026. It expects sales of ¥11,700 billion, down 3% year over year, plagued by a slowdown in the GN&S and ET&S segments amid growth in the I&SS remains wary of the ongoing macroeconomic and geopolitical turbulence stemming from tariff volatility. Taking into consideration the potential impact of the tariff, Sony estimates its operating income of ¥1,280 billion, down from ¥1,380 billion without the tariff income is estimated to be ¥930 billion, down 13% year over year. Sony currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Badger Meter, Inc. BMI reported EPS of $1.30 for first-quarter 2025, which beat the Zacks Consensus Estimate by 20.4%. Also, the bottom line compared favorably with the year-ago quarter's EPS of 99 the past year, shares of BMI have gained 17%.Cadence Design Systems CDNS reported first-quarter 2025 non-GAAP EPS of $1.57, which beat the Zacks Consensus Estimate by 5.4%. The bottom line increased 34.2% year over year, exceeding management's guided range of $1.46-$ of Cadence have gained 7.7% in the past Inc. WWD reported second-quarter fiscal 2025 adjusted net earnings per share (EPS) of $1.69, which increased 4.3% year over year. The figure beat the Zacks Consensus Estimate by 17.4%.In the past six months, shares of WWD have gained 9.9%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Badger Meter, Inc. (BMI) : Free Stock Analysis Report Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report Woodward, Inc. (WWD) : Free Stock Analysis Report Sony Corporation (SONY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
