Sony closed the most recent trading day at $49.60, moving -0.48% from the previous trading session. This move lagged the S&P 500's daily gain of 0.22%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 0.16%.
Prior to today's trading, shares of the electronics and media company had gained 0.91% over the past month. This has lagged the Consumer Discretionary sector's gain of 2.76% and outpaced the S&P 500's gain of 0.49% in that time.
SNE will be looking to display strength as it nears its next earnings release, which is expected to be February 1, 2019. On that day, SNE is projected to report earnings of $1.90 per share, which would represent year-over-year growth of 0.53%.
Any recent changes to analyst estimates for SNE should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 9.81% higher. SNE is currently a Zacks Rank #3 (Hold).
Looking at its valuation, SNE is holding a Forward P/E ratio of 10.01. This valuation marks a discount compared to its industry's average Forward P/E of 20.72.
Meanwhile, SNE's PEG ratio is currently 0.99. 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. SNE's industry had an average PEG ratio of 1.36 as of yesterday's close.
The Audio Video Production industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 77, which puts it in the top 31% 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) Stock Sinks As Market Gains: What You Should Know
Sony closed the most recent trading day at $49.60, moving -0.48% from the previous trading session. This move lagged the S&P 500's daily gain of 0.22%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 0.16%.
Prior to today's trading, shares of the electronics and media company had gained 0.91% over the past month. This has lagged the Consumer Discretionary sector's gain of 2.76% and outpaced the S&P 500's gain of 0.49% in that time.
SNE will be looking to display strength as it nears its next earnings release, which is expected to be February 1, 2019. On that day, SNE is projected to report earnings of $1.90 per share, which would represent year-over-year growth of 0.53%.
Any recent changes to analyst estimates for SNE should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 9.81% higher. SNE is currently a Zacks Rank #3 (Hold).
Looking at its valuation, SNE is holding a Forward P/E ratio of 10.01. This valuation marks a discount compared to its industry's average Forward P/E of 20.72.
Meanwhile, SNE's PEG ratio is currently 0.99. 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. SNE's industry had an average PEG ratio of 1.36 as of yesterday's close.
The Audio Video Production industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 77, which puts it in the top 31% 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.