Sony Group Corp. posted its fourth-quarter fiscal 2021 net income per share (on a GAAP basis) of ¥88.98 (77 cents) per share, compared to Zacks Consensus Estimate of 82 cents. The figure is +67% higher from the year-ago quarter.
Total revenues were up + 1% year over year to ¥2,264 billion ($19,486.3 million). The Zacks consensus estimate was $20,818.7 million.
The company’s revenue from Game & Network Services (G&NS) rose +0.8% year over year to ¥665.3 billion. Music sales climbed +10.2% year over year to ¥294.6 billion. Revenue in Pictures surged +55.9% year over year to ¥312.2 billion. Entertainment, Technology & Services (ET&S) sales were 4.2% higher year over year to ¥494.1 billion. Imaging & Sensing Solutions sales rose + 9.9% year over year to ¥255.3 billion. Financial Services sales fell -36.4% year over year to ¥279.7 billion.
Looking ahead, Sony projects fiscal full-year sales growth of +15%, likely to be driven by significant improvement in G&NS and I&SS segment sales
It expects operating income to decrease -4% to ¥1,160 billion, down 4% year over year. Net income forecast is ¥830 billion, down -6% year over year. Operating Cash Flow is expected to rise +29% to ¥1,050 billion.
SONY's Aroon Indicator triggered a bullish signal on July 23, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 321 similar instances where the Aroon Indicator showed a similar pattern. In of the 321 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a developer of electronic equipment, consumer & industrial electronics, game consoles & related software and others
Industry ElectronicsAppliances