The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Sony is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 our Consumer Discretionary group, which includes 251 different companies and currently sits at #13 in the Zacks Sector Rank. 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 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 #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for SNE's full-year earnings has moved 42.32% higher. 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 8.41% so far this year. Meanwhile, stocks in the Consumer Discretionary group have gained about 6.08% on average. This shows that Sony is outperforming its peers so far this year.
To break things down more, SNE belongs to the Audio Video Production industry, a group that includes 9 individual companies and currently sits at #91 in the Zacks Industry Rank. On average, this group has gained an average of 7.61% so far this year, meaning that SNE is performing better 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.