The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Sony (SNE - Free Report) 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 257 different companies and currently sits at #12 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. SNE is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for SNE's full-year earnings has moved 8.75% higher. 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 3.96% since the start of the calendar year. In comparison, Consumer Discretionary companies have returned an average of -12.94%. This shows that Sony is outperforming its peers so far this year.
Looking more specifically, SNE belongs to the Audio Video Production industry, which includes 6 individual stocks and currently sits at #34 in the Zacks Industry Rank. Stocks in this group have lost about 2.54% so far this year, so SNE is performing better 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.