Sony (SNE - Free Report) closed the most recent trading day at $51.29, moving -1.74% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.91%. Elsewhere, the Dow lost 2.02%, while the tech-heavy Nasdaq lost 2.26%.
Coming into today, shares of the electronics and media company had gained 1.06% in the past month. In that same time, the Consumer Discretionary sector lost 3.56%, while the S&P 500 lost 2.51%.
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. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SNE is currently a Zacks Rank #2 (Buy).
Looking at its valuation, SNE is holding a Forward P/E ratio of 11.51. This valuation marks a discount compared to its industry's average Forward P/E of 16.73.
Also, we should mention that SNE has a PEG ratio of 1.14. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Audio Video Production was holding an average PEG ratio of 1.14 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 77, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow SNE in the coming trading sessions, be sure to utilize Zacks.com.