NEW YORK (TheStreet) --Shares of Sony Corp. are gaining by 6.88% to $25 in pre-market trading on Wednesday, after the Tokyo-based electronics and entertainment company trimmed its full year earnings expectations to a loss of 170 billion yen ($1.4 billion) from a loss of 230 billion yen. As a result of the Sony Pictures cyber-attack late last year Sony was only able to give an approximation of its fiscal results for the year that ends in March, USA Today reports. Sony added that it will announced its "actual results" for the third quarter by March 31, 2015. Sony increased its full year revenue estimates to 8 trillion yen from 7.8 trillion yen. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Sony was able to slash its expected yearly loss as a result of seeing better than expected PlayStation gaming console sales and cutting corporate costs. Separately, TheStreet Ratings team rates SONY CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate SONY CORP (SNE) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity." Highlights from the analysis by TheStreet Ratings Team goes as follows: Compared to its closing price of one year ago, SNE's share price has jumped by 46.85%, exceeding the performance of the broader market during that same time frame. Although SNE had significant growth over the past year, our hold rating indicates that we do not recommend additional investment in this stock at the current time. The current debt-to-equity ratio, 0.43, is low and is below the industry average, implying that there has been successful management of debt levels. Despite the fact that SNE's debt-to-equity ratio is low, the quick ratio, which is currently 0.59, displays a potential problem in covering short-term cash needs. SNE, with its decline in revenue, slightly underperformed the industry average of 8.1%. Since the same quarter one year prior, revenues fell by 12.3%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share. SONY CORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. Earnings per share have declined over the last year. We anticipate that this should continue in the coming year. During the past fiscal year, SONY CORP swung to a loss, reporting -$1.22 versus $0.30 in the prior year. For the next year, the market is expecting a contraction of 22.1% in earnings (-$1.49 versus -$1.22). The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Household Durables industry. The net income has significantly decreased by 531.9% when compared to the same quarter one year ago, falling from -$199.43 million to -$1,260.14 million. You can view the full analysis from the report here: SNE Ratings Report STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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