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

Zacks Equity Research
Asbury Automotive (ABG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. 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 our Consumer Discretionary group, which includes 242 different companies and currently sits at #10 in the Zacks Sector Rank. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. SNE is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for SNE's full-year earnings has moved 1.83% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the latest available data, SNE has gained about 20.42% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of -1.26% on a year-to-date basis. This means that Sony is performing better than its sector in terms of year-to-date returns.

To break things down more, SNE belongs to the Audio Video Production industry, a group that includes 6 individual companies and currently sits at #75 in the Zacks Industry Rank. Stocks in this group have gained about 12.86% so far this year, so SNE is performing better this group in terms of year-to-date returns.

Investors with an interest in Consumer Discretionary stocks should continue to track SNE. The stock will be looking to continue its solid performance.


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