Toyota Motor Corporation (TM) ended the recent trading session at $188.49, demonstrating a -1.65% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.4%. Elsewhere, the Dow gained 0.47%, while the tech-heavy Nasdaq added 0.24%.
The company's shares have seen an increase of 12.32% over the last month, surpassing the Auto-Tires-Trucks sector's loss of 1.52% and the S&P 500's gain of 4.61%.
The upcoming earnings release of Toyota Motor Corporation will be of great interest to investors. The company's earnings per share (EPS) are projected to be $4.67, reflecting a 26.46% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $82.62 billion, indicating a 8.79% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $18.45 per share and a revenue of $339.36 billion, representing changes of -21.86% and +7.63%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Toyota Motor Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.9% lower. As of now, Toyota Motor Corporation holds a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Toyota Motor Corporation has a Forward P/E ratio of 10.39 right now. For comparison, its industry has an average Forward P/E of 10.39, which means Toyota Motor Corporation is trading at no noticeable deviation to the group.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 228, positioning it in the bottom 8% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Toyota Motor Corporation (TM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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