Sony (SONY) closed at $27.71, down 2.05% from the previous session, underperforming the S&P 500 and Nasdaq. The stock fell by 5.19% in the last month, worse than the Consumer Discretionary sector but not as bad as the S&P 500. Analysts expect a decline in earnings for Sony’s upcoming report, with revenue expected to increase.

Sony’s recent analyst estimate changes could impact stock performance. The Zacks Rank model considers estimate revisions for actionable ratings. Sony currently holds a Zacks Rank of #3 (Hold). The stock is trading at a Forward P/E ratio of 24.6, in line with the industry average. The Audio Video Production industry ranks in the bottom 32% of all industries.

A Zacks expert names a top stock pick with potential to double in value. This company targets younger audiences and saw nearly $1 billion in revenue last quarter. The pullback in its stock presents a buying opportunity. Previous Zacks picks have seen significant gains, making this one worth considering. Visit Zacks.com for more stock insights.

Read more at Nasdaq: Sony (SONY) Stock Slides as Market Rises: Facts to Know Before You Trade