Sony (SNE - Free Report) closed at $46.25 in the latest trading session, marking a +0.37% move from the prior day. This change outpaced the S&P 500's 0% on the day. At the same time, the Dow lost 0.05%, and the tech-heavy Nasdaq lost 0.21%.
Prior to today's trading, shares of the electronics and media company had lost 1.24% over the past month. This has lagged the Consumer Discretionary sector's gain of 4.09% and the S&P 500's gain of 5.49% 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. On that day, SNE is projected to report earnings of $0.19 per share, which would represent year-over-year growth of 258.33%.
Any recent changes to analyst estimates for SNE should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate has moved 6.02% lower within the past month. SNE is currently sporting a Zacks Rank of #4 (Sell).
In terms of valuation, SNE is currently trading at a Forward P/E ratio of 10.73. This represents a discount compared to its industry's average Forward P/E of 21.52.
Investors should also note that SNE has a PEG ratio of 2 right now. 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 1.89 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 192, putting it in the bottom 25% 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.