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? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.
Sony is one of 250 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. SNE is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for SNE's full-year earnings has moved 8.60% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that SNE has returned about 3.81% since the start of the calendar year. At the same time, Consumer Discretionary stocks have gained an average of 10.31%. 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 6 individual companies and currently sits at #33 in the Zacks Industry Rank. Stocks in this group have gained about 4.29% so far this year, so SNE is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to SNE as it looks to continue its solid performance.
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Is Sony (SNE) Outperforming 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? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.
Sony is one of 250 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. SNE is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for SNE's full-year earnings has moved 8.60% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that SNE has returned about 3.81% since the start of the calendar year. At the same time, Consumer Discretionary stocks have gained an average of 10.31%. 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 6 individual companies and currently sits at #33 in the Zacks Industry Rank. Stocks in this group have gained about 4.29% so far this year, so SNE is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to SNE as it looks to continue its solid performance.