Sony (SNE - Free Report) closed the most recent trading day at $46.11, moving -1.18% from the previous trading session. This move lagged the S&P 500's daily loss of 0.09%. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq lost 0.16%.
Prior to today's trading, shares of the electronics and media company had gained 3.55% over the past month. This has outpaced the Consumer Discretionary sector's gain of 2.18% and the S&P 500's gain of 2.35% in that time.
Investors will be hoping for strength from SNE as it approaches its next earnings release. On that day, SNE is projected to report earnings of $0.19 per share, which would represent year-over-year growth of 258.33%.
Investors should also note any recent changes to analyst estimates for SNE. 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.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. SNE currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that SNE has a Forward P/E ratio of 8.45 right now. Its industry sports an average Forward P/E of 15.29, so we one might conclude that SNE is trading at a discount comparatively.
We can also see that SNE currently has a PEG ratio of 1.04. 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. The Audio Video Production was holding an average PEG ratio of 1.56 at yesterday's closing price.
The Audio Video Production industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 40% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.