Sony (SNE) closed at $ 63.16 in the last trading session, marking a movement of -1.56% from the previous day. This change was narrower than the S&P 500’s daily loss of 2.81%. Elsewhere, the Dow Jones lost 2.94%, while the tech-rich Nasdaq lost 3%.
As of today, the electronics and media company’s shares had lost 8.97% in the past month. At the same time, the consumer discretionary sector lost 7.31%, while the S&P 500 lost 3.97%.
SNE will seek to display its strength as it approaches its next publication of the results. The company is expected to report EPS of $ 0.34, down 45.16% from the quarter of the previous year.
For the whole year, our Zacks consensus estimates predict earnings per share of $ 4.37 and sales of $ 78.70 billion, which would represent variations of -32.04% and + 0.75 %, respectively, compared to the previous year.
Any recent changes in analysts’ estimates for the SNE should also be noted by investors. These revisions help to show the ever-changing nature of short-term business trends. As such, revisions to positive estimates reflect analysts’ optimism about the company’s activities and profitability.
Research indicates that these revisions to estimates are directly correlated to short-term stock price dynamics. We have developed the Zacks Rank to capitalize on this phenomenon. Our system takes these changes in estimation into account and provides a clear and usable rating model.
The Zacks grading system ranges from # 1 (strong buy) to # 5 (strong sell). It has a remarkable and unaudited track record of success, with # 1 stocks delivering an average annual return of + 25% since 1988. Over the past 30 days, our consensus EPS projection has increased 4.17%. SNE is currently a Zacks Rank # 2 (Buy).
Looking at its valuation, SNE has a forward P / E ratio of 14.68. Its industry has an average forward P / E of 13.23, so one could conclude that the SNE is trading at a premium compared to the other.
The audio-video production industry is part of the consumer discretionary sector. This industry currently has a Zacks industrial ranking of 90, which places it in the top 36% of the 250+ industries.
The Zacks Industry Rank is listed in order, from best to worst, based on the average Zacks ranking of individual businesses in each of these sectors. Our research shows that the 50% of the highest rated industries outperform the bottom half by a factor of 2 to 1.
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