In the latest close session, Toyota Motor Corporation (TM) was down 2.33% at $218.89. The stock trailed the S&P 500, which registered a daily loss of 0.01%. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq gained 0.17%.
Heading into today, shares of the company had gained 4.31% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 5.52% and the S&P 500's gain of 0.78%.
The investment community will be closely monitoring the performance of Toyota Motor Corporation in its forthcoming earnings report.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $17.77 per share and revenue of $322.5 billion. These totals would mark changes of -24.74% and +2.29%, respectively, from last year.
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. 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 capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Within the past 30 days, our consensus EPS projection has moved 0.95% lower. Toyota Motor Corporation is currently a Zacks Rank #4 (Sell).
From a valuation perspective, Toyota Motor Corporation is currently exchanging hands at a Forward P/E ratio of 12.61. This expresses no noticeable deviation compared to the average Forward P/E of 12.61 of its industry.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 169, this industry ranks in the bottom 32% of all industries, numbering over 250.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding 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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