Toyota Motor Corporation (TM) closed the most recent trading day at $229.03, moving +2.89% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.19% for the day. Meanwhile, the Dow experienced a drop of 0.8%, and the technology-dominated Nasdaq saw a decrease of 0.1%.
Prior to today's trading, shares of the company had gained 3.62% outpaced the Auto-Tires-Trucks sector's gain of 0.19% and the S&P 500's gain of 2.26%.
The investment community will be paying close attention to the earnings performance of Toyota Motor Corporation in its upcoming release.
TM's full-year Zacks Consensus Estimates are calling for earnings of $17.94 per share and revenue of $322.5 billion. These results would represent year-over-year changes of -24.02% and +2.29%, respectively.
Investors should also pay attention to any latest changes in 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 suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Toyota Motor Corporation possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Toyota Motor Corporation currently has a Forward P/E ratio of 12.41. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 12.41.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 211, placing it within the bottom 14% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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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