Zacks analyst blog spotlights S&P Global, Sony Group, 3M, Northrop Grumman and Shopify
For immediate release
Chicago, IL – August 11, 2022 – Zacks.com announces the list of stocks featured in the analyst blog. Every day, Zacks Equity Research analysts discuss the latest news and events impacting stocks and financial markets. Stocks recently featured in the blog include: S&P Global Inc. SPGI, Sony Group Corp. SONY, 3M Co. MMM, Northrop Grumman Corp. NOC and Shopify Inc. SHOP.
Here are highlights from Thursday’s analyst blog:
Top analyst reports for S&P Global, Sony and 3M
Zacks Research Daily features the best research results from our team of analysts. Today’s Research Daily features new research reports on 16 major stocks, including S&P Global Inc., Sony Group Corp. and 3M Co.. These research reports have been handpicked from the approximately 70 reports published by our team of analysts today.
S&P Globall Shares have fallen -9.5% over the past year compared to a decline of -8.3% for the broader market, reflecting the data provider’s exposure to an uncertain macro environment. Although the company faces a number of near-term challenges, it is well positioned to take advantage of the growing demand for business information services.
Buyouts help innovate, increase differentiated content, and develop new products. Effective management execution has helped it generate strong cash flow which is being used for growth initiatives. Dividend payouts and share buybacks build investor confidence and have a positive impact on earnings per share.
Sony shares are down -16.4% over the past year against audio-video production industry Zacks’ -19.8% decline. The Zacks analyst believes that due to weak macroeconomic conditions, the company has cut its operating profit forecast for fiscal 2022. Operating profit is now expected to fall 8% from a decline of 3 .5% previously forecast.
The company expects operating margin for the year to be impacted by lower operating income in the G&NS segment. The fierce rivalry and high cost of goods sold are problematic. However, the first quarter performance benefited from the increase in revenues from the Music and Images segments. It remains focused on the premium segment of the branded goods market to maximize growth.
For fiscal 2022, the company now expects sales to increase by 16% due to higher sales in the Music, Pictures and E&TS segments. Strategic acquisitions and joint ventures bode well for the long term. The company continues to expect sales of 18 million units for its PlayStation 5.
3M shares are down -23.2% over the past year against the -20.4% decline in Zacks’ diversified trading services industry. The Zacks analyst believes supply chain disruptions, raw material and logistics cost inflation are weighing on 3M’s operations. Foreign currency headwinds impact company revenue.
The company has cut its 2022 sales and earnings forecast. Due to these headwinds, shares of the company have lost 17% so far this year. However, strong demand in most end markets is supporting 3M’s growth. The company’s pricing actions and restructuring initiatives are supporting its margin performance.
Improvements in the abrasives, electrical markets, roofing granules, automotive aftermarket and industrial adhesives businesses bode well for the company. Strength in the separation and purification business, due to strong demand for biopharmaceutical filtration solutions for COVID-related vaccines, is driving the performance of the Healthcare segment.
Other noteworthy reports we’re featuring today include Northrop Grumman Corp. and Shopify Inc.
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