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Why Toyota Motor Corporation (TM) Outpaced the Stock Market Today
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Toyota Motor Corporation (TM - Free Report) closed at $175.74 in the latest trading session, marking a +2.99% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.52% for the day. Elsewhere, the Dow gained 1%, while the tech-heavy Nasdaq added 0.52%.
The company's shares have seen a decrease of 8.32% over the last month, not keeping up with the Auto-Tires-Trucks sector's loss of 2.65% and the S&P 500's gain of 5.95%.
The investment community will be closely monitoring the performance of Toyota Motor Corporation in its forthcoming earnings report. In that report, analysts expect Toyota Motor Corporation to post earnings of $4.67 per share. This would mark a year-over-year decline of 26.46%. At the same time, our most recent consensus estimate is projecting a revenue of $79.41 billion, reflecting a 4.57% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $18.62 per share and revenue of $339.36 billion, which would represent changes of -21.14% and +7.63%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Toyota Motor Corporation. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 16.32% lower. Toyota Motor Corporation is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Toyota Motor Corporation is holding a Forward P/E ratio of 9.17. This valuation marks a discount compared to its industry average Forward P/E of 9.2.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 210, this industry ranks in the bottom 15% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Why Toyota Motor Corporation (TM) Outpaced the Stock Market Today
Toyota Motor Corporation (TM - Free Report) closed at $175.74 in the latest trading session, marking a +2.99% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.52% for the day. Elsewhere, the Dow gained 1%, while the tech-heavy Nasdaq added 0.52%.
The company's shares have seen a decrease of 8.32% over the last month, not keeping up with the Auto-Tires-Trucks sector's loss of 2.65% and the S&P 500's gain of 5.95%.
The investment community will be closely monitoring the performance of Toyota Motor Corporation in its forthcoming earnings report. In that report, analysts expect Toyota Motor Corporation to post earnings of $4.67 per share. This would mark a year-over-year decline of 26.46%. At the same time, our most recent consensus estimate is projecting a revenue of $79.41 billion, reflecting a 4.57% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $18.62 per share and revenue of $339.36 billion, which would represent changes of -21.14% and +7.63%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Toyota Motor Corporation. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 16.32% lower. Toyota Motor Corporation is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Toyota Motor Corporation is holding a Forward P/E ratio of 9.17. This valuation marks a discount compared to its industry average Forward P/E of 9.2.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 210, this industry ranks in the bottom 15% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.