Sony closed at $57.89 in the latest trading session, marking a +0.68% move from the prior day. This change outpaced the S&P 500's 0.03% loss on the day. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, lost 0.04%.
Coming into today, shares of the electronics and media company had lost 3.89% in the past month. In that same time, the Consumer Discretionary sector lost 3.07%, while the S&P 500 lost 3.08%.
Wall Street will be looking for positivity from SNE as it approaches its next earnings report date. This is expected to be October 30, 2018. The company is expected to report EPS of $0.78, down 13.33% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.11 per share and revenue of $80.75 billion. These totals would mark changes of +24.92% and +5.56%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for SNE. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.44% lower within the past month. SNE currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, SNE is holding a Forward P/E ratio of 13.99. Its industry sports an average Forward P/E of 18.43, so we one might conclude that SNE is trading at a discount comparatively.
We can also see that SNE currently has a PEG ratio of 1.48. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Audio Video Production was holding an average PEG ratio of 1.48 at yesterday's closing price.
The Audio Video Production industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 181, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Sony (SNE) Gains As Market Dips: What You Should Know
Sony closed at $57.89 in the latest trading session, marking a +0.68% move from the prior day. This change outpaced the S&P 500's 0.03% loss on the day. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, lost 0.04%.
Coming into today, shares of the electronics and media company had lost 3.89% in the past month. In that same time, the Consumer Discretionary sector lost 3.07%, while the S&P 500 lost 3.08%.
Wall Street will be looking for positivity from SNE as it approaches its next earnings report date. This is expected to be October 30, 2018. The company is expected to report EPS of $0.78, down 13.33% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.11 per share and revenue of $80.75 billion. These totals would mark changes of +24.92% and +5.56%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for SNE. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.44% lower within the past month. SNE currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, SNE is holding a Forward P/E ratio of 13.99. Its industry sports an average Forward P/E of 18.43, so we one might conclude that SNE is trading at a discount comparatively.
We can also see that SNE currently has a PEG ratio of 1.48. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Audio Video Production was holding an average PEG ratio of 1.48 at yesterday's closing price.
The Audio Video Production industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 181, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.