financetom
Personal Finance
financetom
/
Personal Finance
/
Research Alert: CFRA Keeps Hold Opinion On Adss Of Sony Group Corporation
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Research Alert: CFRA Keeps Hold Opinion On Adss Of Sony Group Corporation
May 16, 2024 2:05 AM

04:40 AM EDT, 05/16/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Sony's ( SONY ) FY 24 (Mar.) EPS fell 3% to JPY785, slightly beating our expectations, despite revenue growth of 19% to JPY13.0 tln. Operating profit (OP) fell by JPY94 bln to JPY1.21 tln (OP margin -2.6%-pts to 9.3) with key drivers being Financials (-JPY145 bln Y/Y, mainly on absence of one-off gains in FY 23), Gaming (+JPY40 bln Y/Y), Music (+JPY38 bln Y/Y), and Semiconductors (-JPY19 bln Y/Y). Sony ( SONY ) also guided for a slightly better FY 25 OP (+5%, or +JPY66 bln) underpinned by Semiconductors (+JPY77 bln), on assuming stronger image sensor sales and production yield. We cut our FY 25 EPS forecast to JPY804 (from JPY850) and start FY 26 EPS at JPY876. We like Sony's ( SONY ) strategy to widen its entertainment (Gaming, Music, and Pictures) profit mix through IP investments and acquisitions, but we believe that near-term earnings will be heavily impacted by sluggish consumer spending. We trim our target price to USD88 (from USD96), valuing Sony ( SONY ) at an unchanged 17x FY 25 P/E.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Research Alert: CFRA Maintains Buy Opinion On Shares Of Nvidia Corporation
Research Alert: CFRA Maintains Buy Opinion On Shares Of Nvidia Corporation
Mar 5, 2024
09:35 AM EST, 03/05/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We boost our 12-month target to $1,000 from $840, on a higher revised P/E of 32x our CY 25 EPS view, above peers but below historical. We up our FY...
Research Alert: CFRA Keeps Buy Opinion On Adss Of Sea Ltd.
Research Alert: CFRA Keeps Buy Opinion On Adss Of Sea Ltd.
Mar 5, 2024
08:10 AM EST, 03/05/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lift our target price to USD62 (from USD55), 26x 2024 EV/EBITDA, in line with the peer mean. Q4 2023 revenue grew 4.8% Y/Y, supported by Shopee (+23%) and SeaMoney...
Research Alert: CFRA Lifts Opinion On Shares Of Evercore Inc. To Buy From Hold
Research Alert: CFRA Lifts Opinion On Shares Of Evercore Inc. To Buy From Hold
Mar 5, 2024
09:30 AM EST, 03/05/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We believe EVR is well positioned to take advantage of a recovery within the investment banking industry in 2024 as capital market conditions improve and rising CEO confidence leads to...
Research Alert: CFRA Maintains Hold Opinion On Shares Of Target Corporation
Research Alert: CFRA Maintains Hold Opinion On Shares Of Target Corporation
Mar 5, 2024
12:45 PM EST, 03/05/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our 12-month target to $171 from $144, 18x our FY 25 (Jan.) EPS of $9.52 (lowered from $9.60; we initiate FY 26 at $10.40). FQ4 (Jan-Q) EPS of...
Copyright 2023-2025 - www.financetom.com All Rights Reserved