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Toyota Motor Corporation (TM) Stock Drops Despite Market Gains: Important Facts to Note
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In the latest trading session, Toyota Motor Corporation (TM - Free Report) closed at $188.49, marking a -1.65% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.4%. Meanwhile, the Dow gained 0.47%, and the Nasdaq, a tech-heavy index, added 0.24%.
Shares of the company witnessed a gain of 12.32% over the previous month, beating the performance of the Auto-Tires-Trucks sector with its loss of 1.52%, and the S&P 500's gain of 4.61%.
The upcoming earnings release of Toyota Motor Corporation will be of great interest to investors. The company is expected to report EPS of $4.67, down 26.46% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $82.62 billion, up 8.79% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $18.45 per share and revenue of $339.36 billion, which would represent changes of -21.86% and +7.63%, respectively, from the prior year.
Any recent changes to analyst estimates for Toyota Motor Corporation should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.9% lower. Toyota Motor Corporation is holding a Zacks Rank of #5 (Strong Sell) right now.
From a valuation perspective, Toyota Motor Corporation is currently exchanging hands at a Forward P/E ratio of 10.39. This signifies no noticeable deviation in comparison to the average Forward P/E of 10.39 for its industry.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 228, placing it within the bottom 8% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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) Stock Drops Despite Market Gains: Important Facts to Note
In the latest trading session, Toyota Motor Corporation (TM - Free Report) closed at $188.49, marking a -1.65% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.4%. Meanwhile, the Dow gained 0.47%, and the Nasdaq, a tech-heavy index, added 0.24%.
Shares of the company witnessed a gain of 12.32% over the previous month, beating the performance of the Auto-Tires-Trucks sector with its loss of 1.52%, and the S&P 500's gain of 4.61%.
The upcoming earnings release of Toyota Motor Corporation will be of great interest to investors. The company is expected to report EPS of $4.67, down 26.46% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $82.62 billion, up 8.79% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $18.45 per share and revenue of $339.36 billion, which would represent changes of -21.86% and +7.63%, respectively, from the prior year.
Any recent changes to analyst estimates for Toyota Motor Corporation should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.9% lower. Toyota Motor Corporation is holding a Zacks Rank of #5 (Strong Sell) right now.
From a valuation perspective, Toyota Motor Corporation is currently exchanging hands at a Forward P/E ratio of 10.39. This signifies no noticeable deviation in comparison to the average Forward P/E of 10.39 for its industry.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 228, placing it within the bottom 8% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.