In the latest trading session, Toyota Motor Corporation (TM) closed at $201.38, marking a +1.31% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.1%. Meanwhile, the Dow experienced a rise of 0.57%, and the technology-dominated Nasdaq saw a decrease of 0.33%.
The company's stock has climbed by 0.09% in the past month, falling short of the Auto-Tires-Trucks sector's gain of 16.69% and the S&P 500's gain of 2.57%.
The investment community will be closely monitoring the performance of Toyota Motor Corporation in its forthcoming earnings report. The company is predicted to post an EPS of $3.67, indicating a 26.55% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $76.26 billion, indicating a 0.86% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $17.56 per share and revenue of $332.87 billion, which would represent changes of -25.62% and +5.57%, respectively, from the prior year.
Any recent changes to analyst estimates for Toyota Motor Corporation should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 2.23% rise in the Zacks Consensus EPS estimate. Toyota Motor Corporation is currently a Zacks Rank #3 (Hold).
In the context of valuation, Toyota Motor Corporation is at present trading with a Forward P/E ratio of 11.32. This expresses a discount compared to the average Forward P/E of 11.71 of its industry.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 202, this industry ranks in the bottom 19% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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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