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Sony (SNE) Stock Moves -1%: What You Should Know

In the latest trading session, Sony (SNE) closed at $48.27, marking a -1% move from the previous day. This change was narrower than the S&P 500's 1.58% loss on the day. Meanwhile, the Dow lost 1.99%, and the Nasdaq, a tech-heavy index, lost 1.63%.

Heading into today, shares of the electronics and media company had lost 3.48% over the past month, outpacing the Consumer Discretionary sector's loss of 5.92% and the S&P 500's loss of 6.62% 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 February 1, 2019. The company is expected to report EPS of $1.90, up 0.53% from the prior-year quarter.

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 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. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SNE is currently sporting a Zacks Rank of #2 (Buy).

Valuation is also important, so investors should note that SNE has a Forward P/E ratio of 10.75 right now. Its industry sports an average Forward P/E of 15.67, so we one might conclude that SNE is trading at a discount comparatively.

Meanwhile, SNE's PEG ratio is currently 1.07. 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. The Audio Video Production industry currently had an average PEG ratio of 1.07 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 37, putting it in the top 14% 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.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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