Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Sony Corporation    6758   JP3435000009

SONY CORPORATION

(6758)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Activision raises sales forecast on lockdown demand, new COD release hopes

10/29/2020 | 06:02pm EST
FILE PHOTO: The Activision booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles

(Reuters) - Activision Blizzard Inc raised its annual adjusted sales forecast on Thursday, betting on strong sales for its upcoming videogame in the blockbuster "Call of Duty" franchise as demand from stay-at-home gamers continues to rise.

The company raised its full-year adjusted revenue forecast to $8.10 billion from $7.63 billion. Analysts had expected adjusted sales of $7.94 billion, according to IBES data from Refinitiv.

Shares of the company, which fell 8% immediately after the results as some analysts viewed the improved forecast as conservative, pared most of the losses and were down marginally after the bell.

"Activision has been typically conservative going into the next quarter. Many stocks are seeing automatic 'sell the news' on earnings reports good or bad ahead of elections. Activision caught in that too," Elazar Advisors analyst Chaim Siegel said.

Big-budget videogame makers are preparing to tap the demand surge from stay-at-home players as next-generation consoles enter the market this holiday season. Activision is releasing "Call of Duty: Black Ops Cold War" on Nov. 13, closely following the launch of Sony Corp's PlayStation 5 and Microsoft's Xbox Series X.

Demand from players continues to boost videogame sales, as a surge in COVID-19 cases in several parts of the country has forced people to remain indoors.

Data from research firm NPD showed nearly $34 billion in videogame sales between January and September this year, up 21% compared to the same period a year earlier.

The company also topped third-quarter adjusted sales estimates on strong sales of "Call of Duty: Modern Warfare" and forecast holiday-quarter adjusted revenue of $2.73 billion, above Wall Street estimates of $2.63 billion.

(Reporting by Ayanti Bera in Bengaluru; Editing by Vinay Dwivedi)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ACTIVISION BLIZZARD, INC. 2.71% 93.15 Delayed Quote.-2.33%
ELECTRONIC ARTS INC. 1.75% 141.43 Delayed Quote.-3.20%
MICROSOFT CORPORATION 1.78% 216.44 Delayed Quote.-4.39%
SONY CORPORATION 1.19% 10605 End-of-day quote.3.11%
TAKE-TWO INTERACTIVE SOFTWARE, INC. 1.25% 198.73 Delayed Quote.-5.54%
All news about SONY CORPORATION
01/18Your Movie Is About to Be...Delayed, Again
DJ
01/14SONY : Canon raises outlook as buyers scoop up new models of cameras, printers
RE
01/13MICROSOFT : Warner Bros Games delays new Harry Potter game until 2022
RE
01/13SONY : intros Crystal LED displays
AQ
01/13Poland's CD Projekt working with Sony to bring back Cyberpunk 2077 - PAP
RE
01/12SONY : Hollywood movie box office slumped to near 40-year low in 2020
RE
01/12SONY CORPORATION : - Redefining Our Future with Tomorrow's Technologies
AQ
01/12SONY : Airpeak drone unveiled to the public; The world's smallest drone capable ..
AQ
01/12GameStop Headed for Profitability in Fiscal 2021 Amid Console Launches, Likel..
MT
01/12SONY : Airpeak drone unveiled to the public
AQ
More news
Financials
Sales 2021 8 520 B 81 965 M 81 965 M
Net income 2021 785 B 7 550 M 7 550 M
Net cash 2021 2 492 B 23 974 M 23 974 M
P/E ratio 2021 16,5x
Yield 2021 0,47%
Capitalization 13 112 B 126 B 126 B
EV / Sales 2021 1,25x
EV / Sales 2022 1,13x
Nbr of Employees 111 700
Free-Float 97,7%
Chart SONY CORPORATION
Duration : Period :
Sony Corporation Technical Analysis Chart | 6758 | JP3435000009 | MarketScreener
Technical analysis trends SONY CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 11 681,50 JPY
Last Close Price 10 605,00 JPY
Spread / Highest target 41,4%
Spread / Average Target 10,2%
Spread / Lowest Target -20,8%
EPS Revisions
Managers and Directors
NameTitle
Kenichiro Yoshida Co-Chairman, President & Chief Executive Officer
Shuzo Sumi Co-Chairman
Hiroki Totoki Chief Financial Officer, Director & Vice President
Toru Katsumoto Chief Technology Officer & EVP
Makoto Toyoda Chief Information Officer & Executive Officer
Sector and Competitors
1st jan.Capitalization (M$)
SONY CORPORATION3.11%124 973
PANASONIC CORPORATION10.00%29 211
LG ELECTRONICS INC.9.63%21 474
TCL TECHNOLOGY GROUP CORPORATION28.25%20 927
SHARP CORPORATION23.27%11 100
SHENZHEN MTC CO., LTD.10.65%4 886