Sony (SNE - Free Report) closed at $49.90 in the latest trading session, marking a +0.36% move from the prior day. This change lagged the S&P 500's 0.97% gain on the day. Meanwhile, the Dow gained 1.09%, and the Nasdaq, a tech-heavy index, added 1.08%.
Prior to today's trading, shares of the electronics and media company had lost 2.72% over the past month. This has lagged the Consumer Discretionary sector's loss of 0.92% and was narrower than the S&P 500's loss of 3.04% in that time.
SNE will be looking to display strength as it nears its next earnings release, which is expected to be February 1, 2019. The company is expected to report EPS of $1.90, up 0.53% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for SNE. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 has moved 9.81% higher. SNE is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note SNE's current valuation metrics, including its Forward P/E ratio of 9.98. Its industry sports an average Forward P/E of 16.25, so we one might conclude that SNE is trading at a discount comparatively.
It is also worth noting that SNE currently has a PEG ratio of 0.99. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Audio Video Production stocks are, on average, holding a PEG ratio of 1.31 based on yesterday's closing prices.
The Audio Video Production industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 72, which puts it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.