Sony Group Corporation reports results for the quarter ended September 30 - Earnings Summary

• Sony Group Corporation 6758.T reported quarterly adjusted earnings of JPY76.88​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of JPY52.01. The mean expectation of six analysts for the quarter was for earnings of JPY62.25 per share. Wall Street expected results to range from JPY55.20 to JPY68.50 per share.

• Revenue rose 10.3% to JPY3.43 trillion from a year ago; analysts expected JPY3.18 trillion.

• Sony Group Corporation's reported EPS for the quarter was JPY76.88​.

• The company reported quarterly net income of JPY449.6 billion.

• Sony Group Corporation shares had risen by 4.6% this quarter and lost 2.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 25 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the household electronics peer group is also "buy"

• Wall Street's median 12-month price target for Sony Group Corporation is JPY4,700.00, about 10.4% above its last closing price of JPY4,211.00

This summary was machine generated from LSEG data November 5 at 12:06 p.m. UTC. ​All figures in yen unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)