Toyota Motor Corporation (TM) closed the most recent trading day at $178.97, moving -2.07% from the previous trading session. This change lagged the S&P 500's 0.37% loss on the day. Meanwhile, the Dow experienced a drop of 0.74%, and the technology-dominated Nasdaq saw a decrease of 0.03%.
The stock of company has risen by 6.24% in the past month, leading the Auto-Tires-Trucks sector's gain of 2.04% and the S&P 500's gain of 2.68%.
The investment community will be closely monitoring the performance of Toyota Motor Corporation in its forthcoming earnings report. On that day, Toyota Motor Corporation is projected to report earnings of $4.67 per share, which would represent a year-over-year decline of 26.46%. 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.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $18 per share and revenue of $339.36 billion. These totals would mark changes of -23.76% and +7.63%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Toyota Motor Corporation. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 3.29% fall in the Zacks Consensus EPS estimate. Toyota Motor Corporation is holding a Zacks Rank of #5 (Strong Sell) right now.
In terms of valuation, Toyota Motor Corporation is presently being traded at a Forward P/E ratio of 10.15. This expresses no noticeable deviation compared to the average Forward P/E of 10.15 of its industry.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 192, positioning it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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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