Toyota Motor Corporation (TM) ended the recent trading session at $192.33, demonstrating a -2.97% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.28%. Elsewhere, the Dow saw a downswing of 0.52%, while the tech-heavy Nasdaq depreciated by 0.08%.
Shares of the company witnessed a gain of 0.42% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its gain of 16.32%, and the S&P 500's gain of 4.03%.
Market participants will be closely following the financial results of Toyota Motor Corporation in its upcoming release.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $18.15 per share and a revenue of $331.26 billion, representing changes of -23.13% and +5.06%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Toyota Motor Corporation. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Within the past 30 days, our consensus EPS projection remained stagnant. Toyota Motor Corporation is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Toyota Motor Corporation is presently trading at a Forward P/E ratio of 10.92. This valuation marks a discount compared to its industry average Forward P/E of 12.48.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 191, this industry ranks in the bottom 23% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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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