Sony (SNE - Free Report) closed at $43.07 in the latest trading session, marking a +1.29% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.46%. Meanwhile, the Dow gained 0.15%, and the Nasdaq, a tech-heavy index, added 0.59%.
Prior to today's trading, shares of the electronics and media company had lost 8.36% over the past month. This has lagged the Consumer Discretionary sector's gain of 1.83% and the S&P 500's gain of 3.24% in that time.
Wall Street will be looking for positivity from SNE as it approaches its next earnings report date. This is expected to be April 26, 2019. The company is expected to report EPS of $0.19, up 258.33% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for SNE. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 has moved 4.38% lower. SNE is currently a Zacks Rank #4 (Sell).
Digging into valuation, SNE currently has a Forward P/E ratio of 9.73. Its industry sports an average Forward P/E of 16.05, so we one might conclude that SNE is trading at a discount comparatively.
Investors should also note that SNE has a PEG ratio of 1.75 right now. 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. SNE's industry had an average PEG ratio of 1.75 as of yesterday's close.
The Audio Video Production industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 191, putting it in the bottom 26% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.