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? One simple way to answer this question is to take a look at the year-to-date performance of SNE and the rest of the Consumer Discretionary group's stocks.
Sony is a member of the Consumer Discretionary sector. This group includes 247 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. SNE is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for SNE's full-year earnings has moved 11.82% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, SNE has gained about 7.65% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of 2.34% on a year-to-date basis. This means that Sony is outperforming the sector as a whole this year.
Looking more specifically, SNE belongs to the Audio Video Production industry, which includes 5 individual stocks and currently sits at #17 in the Zacks Industry Rank. On average, stocks in this group have gained 6.24% this year, meaning that SNE is performing better 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.
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Has Sony (SNE) Outpaced Other Consumer Discretionary Stocks This Year?
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? One simple way to answer this question is to take a look at the year-to-date performance of SNE and the rest of the Consumer Discretionary group's stocks.
Sony is a member of the Consumer Discretionary sector. This group includes 247 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. SNE is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for SNE's full-year earnings has moved 11.82% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, SNE has gained about 7.65% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of 2.34% on a year-to-date basis. This means that Sony is outperforming the sector as a whole this year.
Looking more specifically, SNE belongs to the Audio Video Production industry, which includes 5 individual stocks and currently sits at #17 in the Zacks Industry Rank. On average, stocks in this group have gained 6.24% this year, meaning that SNE is performing better 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.