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Is Sony (SNE) Outperforming Other Consumer Discretionary Stocks This Year?

Zacks Equity Research
NantHealth, Inc. (NH) delivered earnings and revenue surprises of 23.08% and -10.83%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?

Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has Sony (SNE) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Sony is one of 243 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. SNE is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for SNE's full-year earnings has moved 6.61% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, SNE has moved about 24.81% on a year-to-date basis. Meanwhile, the Consumer Discretionary sector has returned an average of -0.41% on a year-to-date basis. As we can see, Sony is performing better than its sector in the calendar year.

Breaking things down more, SNE is a member of the Audio Video Production industry, which includes 6 individual companies and currently sits at #169 in the Zacks Industry Rank. This group has gained an average of 16.12% so far this year, so SNE is performing better in this area.

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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