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Has Sony (SNE) Outpaced Other Consumer Discretionary Stocks This Year?

Zacks Equity Research

The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Sony (SNE) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.

Sony is a member of the Consumer Discretionary sector. This group includes 243 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. SNE is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for SNE's full-year earnings has moved 0.80% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

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Our latest available data shows that SNE has returned about 29.33% since the start of the calendar year. Meanwhile, the Consumer Discretionary sector has returned an average of 23.36% on a year-to-date basis. This shows that Sony is outperforming its peers so far this year.

Looking more specifically, SNE belongs to the Audio Video Production industry, which includes 10 individual stocks and currently sits at #104 in the Zacks Industry Rank. Stocks in this group have gained about 26.13% so far this year, so SNE is performing better this group in terms of year-to-date returns.

Investors in the Consumer Discretionary sector will want to keep a close eye on SNE as it attempts to continue its solid performance.


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Zacks Investment Research