Toyota Motor Corporation (TM) closed at $209.22 in the latest trading session, marking a +1.87% move from the prior day. This move outpaced the S&P 500's daily gain of 1.23%. Meanwhile, the Dow gained 0.72%, and the Nasdaq, a tech-heavy index, added 1.86%.
The company's stock has climbed by 3.67% in the past month, exceeding the Auto-Tires-Trucks sector's gain of 0.41% and the S&P 500's gain of 2.45%.
The investment community will be paying close attention to the earnings performance of Toyota Motor Corporation in its upcoming release.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $18.15 per share and a revenue of $331.26 billion, indicating changes of -23.13% and +5.06%, respectively, from the former year.
Any recent changes to analyst estimates for Toyota Motor Corporation should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, Toyota Motor Corporation holds a Zacks Rank of #3 (Hold).
Investors should also note Toyota Motor Corporation's current valuation metrics, including its Forward P/E ratio of 11.32. This expresses a discount compared to the average Forward P/E of 15.06 of its industry.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 184, putting it in the bottom 26% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in 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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