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Toyota Motor Corporation (TM) Beats Stock Market Upswing: What Investors Need to Know
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Toyota Motor Corporation (TM - Free Report) closed at $172.14 in the latest trading session, marking a +1.1% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.14%. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, added 0.27%.
Shares of the company have depreciated by 4.75% over the course of the past month, underperforming the Auto-Tires-Trucks sector's loss of 1.73%, and the S&P 500's gain of 3.97%.
Investors will be eagerly watching for the performance of Toyota Motor Corporation in its upcoming earnings disclosure. The company is forecasted to report an EPS of $4.67, showcasing a 26.46% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $79.41 billion, indicating a 4.57% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $18.56 per share and a revenue of $339.36 billion, representing changes of -21.39% and +7.63%, respectively, from the prior year.
Any recent changes to analyst estimates for Toyota Motor Corporation should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.32% lower. Currently, Toyota Motor Corporation is carrying a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Toyota Motor Corporation is holding a Forward P/E ratio of 9.18. This denotes a discount relative to the industry average Forward P/E of 10.02.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 234, positioning it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
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Toyota Motor Corporation (TM) Beats Stock Market Upswing: What Investors Need to Know
Toyota Motor Corporation (TM - Free Report) closed at $172.14 in the latest trading session, marking a +1.1% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.14%. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, added 0.27%.
Shares of the company have depreciated by 4.75% over the course of the past month, underperforming the Auto-Tires-Trucks sector's loss of 1.73%, and the S&P 500's gain of 3.97%.
Investors will be eagerly watching for the performance of Toyota Motor Corporation in its upcoming earnings disclosure. The company is forecasted to report an EPS of $4.67, showcasing a 26.46% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $79.41 billion, indicating a 4.57% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $18.56 per share and a revenue of $339.36 billion, representing changes of -21.39% and +7.63%, respectively, from the prior year.
Any recent changes to analyst estimates for Toyota Motor Corporation should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.32% lower. Currently, Toyota Motor Corporation is carrying a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Toyota Motor Corporation is holding a Forward P/E ratio of 9.18. This denotes a discount relative to the industry average Forward P/E of 10.02.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 234, positioning it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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 follow all of these stock-moving metrics, and many more, on Zacks.com.