The 10-second takeaway
For the quarter ended Dec. 31 (Q3), Sony met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP loss per share dropped.
Margins grew across the board.
Sony reported revenue of $22.52 billion. The six analysts polled by S&P Capital IQ expected to see revenue of $22.54 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.11. The one earnings estimate compiled by S&P Capital IQ predicted $0.72 per share. GAAP EPS were -$0.12 for Q3 compared to -$2.06 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 22.3%, 180 basis points better than the prior-year quarter. Operating margin was 2.4%, 140 basis points better than the prior-year quarter. Net margin was -0.6%, 810 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $16.93 billion. On the bottom line, the average EPS estimate is -$0.31.
Next year's average estimate for revenue is $71.29 billion. The average EPS estimate is $0.13.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 1,235 members out of 1,723 rating the stock outperform, and 488 members rating it underperform. Among 378 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 236 give Sony a green thumbs-up, and 142 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sony is outperform, with an average price target of $9.84.
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