Sony (SONY) Outperforms Broader Market: What You Need to Know

Sony (SONY) closed at $24.41 in the latest trading session, marking a +1.79% move from the prior day. This change outpaced the S&P 500's 0.54% gain on the day. Meanwhile, the Dow experienced a rise of 0.52%, and the technology-dominated Nasdaq saw an increase of 0.74%. Coming into today, shares of the electronics and media company had lost 7.34% in the past month. In that same time, the Consumer Discretionary sector gained 4.15%, while the S&P 500 gained 4.2%. Investors will be eagerly watching for the performance of Sony in its upcoming earnings disclosure. In that report, analysts expect Sony to post earnings of $0.24 per share. This would mark no growth from the year-ago period. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.16 per share and revenue of $79.87 billion. These totals would mark changes of -5.69% and -6.09%, respectively, from last year. Investors should also take note of any recent adjustments to analyst estimates for Sony. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Sony possesses a Zacks Rank of #3 (Hold). In terms of valuation, Sony is presently being traded at a Forward P/E ratio of 20.63. Its industry sports an average Forward P/E of 34.67, so one might conclude that Sony is trading at a discount comparatively. Meanwhile, SONY's PEG ratio is currently 11.52. 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. As of the close of trade yesterday, the Audio Video Production industry held an average PEG ratio of 11.52. The Audio Video Production industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 91, putting it in the top 37% of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Zacks' Research Chief Picks Stock Most Likely to "At Least Double"Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren’t winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%.See Our Top Stock to Double (Plus 4 Runners Up) >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sony Corporation (SONY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks