The 10-second takeaway
For the quarter ended March 31 (Q4), Sony beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted. Non-GAAP earnings per share grew. GAAP earnings per share grew.
Margins increased across the board.
Sony booked revenue of $18.40 billion. The three analysts polled by S&P Capital IQ looked for revenue of $17.74 billion on the same basis. GAAP reported sales were 5.4% lower than the prior-year quarter's $19.13 billion.
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 $0.94. The one earnings estimate compiled by S&P Capital IQ anticipated $1.01 per share. Non-GAAP EPS were $0.94 for Q4 compared to -$3.18 per share for the prior-year quarter. GAAP EPS were $0.85 for Q4 compared to -$3.09 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 17.3%, 140 basis points better than the prior-year quarter. Operating margin was -2.1%, 120 basis points better than the prior-year quarter. Net margin was 5.5%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $16.34 billion. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $74.61 billion. The average EPS estimate is $0.51.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 1,247 members out of 1,733 rating the stock outperform, and 486 members rating it underperform. Among 376 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 245 give Sony a green thumbs-up, and 131 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 $19.68.
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