Sony Corporation (NYSE:SNE) is trading up 48.39% versus 12-month low of 19.90 and stands -13.58% lower from its 1-year peak of $34.17. The consensus price target (PT) of $42.17 means that the market expects Company shares to increase by 46.3% in the short run. The sell-side target prices range from $41.5 to $42.85. In the last month the stock has moved in price 1.27%, with a one year change of 26.41%. The last trading session volume compares with the 915.96K average and market worth floats around 36.21B.
Sony Corporation (NYSE:SNE) gained 2.46% to reach at the trading price of $29.53 as it is set to release its next quarterly earnings report on February 02, 2017. Sony Corporation stock trades in the range of $29.38 to $29.65 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.36 a share with $21.4B in revenue.
Sony Corporation (SNE) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Sony Corporation to earn $-0.07 per share (EPS) on revenue of $16.12B. The EPS consensus range is $-0.07-$-0.07 on revenue between $16.12B and $16.12B.
While if we look at the Earnings Track Record, Sony Corporation (SNE) managed to surpass quarterly earnings per share estimates in 2 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 16%. Revenues hit $16.72B in the September 2017 quarter, which was below the consensus $16.9B projection. On the other hand, in the June 2017 quarter the company recorded a net $14.92B revenue.
Sony Corporation (NYSE:SNE) Analyst Insights
The buoyancy in the outlook of Sony Corporation (SNE) is getting stronger by the somewhat negative sentiment (1.00 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Underweight. Maxim Group has been covering shares of SNE, so it is most recent view is worth a look. In a research note issued on Apr 21, 2016, analysts at downgraded the stock to Neutral from Overweight. Another noteworthy analyst activity was recorded on May 27, 2011. Maxim Group Analysts lifted the stock to Buy from Hold.