Investors focused on the Consumer Discretionary space have likely heard of Sony (SNE - Free Report) , 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 one of 242 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #10 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 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).
The Zacks Consensus Estimate for SNE's full-year earnings has moved 1.83% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, SNE has gained about 20.42% so far this year. At the same time, Consumer Discretionary stocks have lost an average of 1.26%. This means that Sony is performing better than its sector in terms of year-to-date returns.
To break things down more, SNE belongs to the Audio Video Production industry, a group that includes 6 individual companies and currently sits at #75 in the Zacks Industry Rank. On average, this group has gained an average of 12.86% so far this year, meaning that SNE is performing better in terms of year-to-date returns.
Investors in the Consumer Discretionary sector will want to keep a close eye on SNE as it attempts to continue its solid performance.