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Is Sony (SNE) Outperforming Other Consumer Discretionary Stocks This Year?

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Investors focused on the Consumer Discretionary space have likely heard of Sony , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Sony is one of 248 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. SNE is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for SNE's full-year earnings has moved 23.13% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, SNE has gained about 5.83% so far this year. Meanwhile, stocks in the Consumer Discretionary group have lost about 0.19% on average. As we can see, Sony is performing better than its sector in the calendar year.

To break things down more, SNE belongs to the Audio Video Production industry, a group that includes 5 individual companies and currently sits at #49 in the Zacks Industry Rank. Stocks in this group have gained about 3.97% so far this year, so SNE is performing better this group in terms of year-to-date returns.

SNE will likely be looking to continue its solid performance, so investors interested Consumer Discretionary stocks should continue to pay close attention to the company.