Sony (SNE) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Sony (SNE) closed at $42.40, marking a -0.91% move from the previous day. This change lagged the S&P 500's 0.36% gain on the day. Elsewhere, the Dow gained 0.36%, while the tech-heavy Nasdaq added 0.34%.
Heading into today, shares of the electronics and media company had lost 11.65% over the past month, lagging the Consumer Discretionary sector's loss of 1.73% and the S&P 500's gain of 0.64% in that time.
Investors will be hoping for strength from SNE as it approaches its next earnings release. The company is expected to report EPS of $0.19, up 258.33% from the prior-year quarter.
SNE's full-year Zacks Consensus Estimates are calling for earnings of $6.15 per share and revenue of $78.33 billion. These results would represent year-over-year changes of +86.93% and +2.39%, respectively.
Investors should also note any recent changes to analyst estimates for SNE. These revisions help to show the ever-changing nature of near-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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 11.22% higher. SNE is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that SNE has a Forward P/E ratio of 6.96 right now. Its industry sports an average Forward P/E of 8.7, so we one might conclude that SNE is trading at a discount comparatively.
Investors should also note that SNE has a PEG ratio of 1.25 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Audio Video Production stocks are, on average, holding a PEG ratio of 1.51 based on yesterday's closing prices.
The Audio Video Production industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 103, putting it in the top 41% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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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.