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Honda Motor (HMC) Increases Yet Falls Behind Market: What Investors Need to Know
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In the latest trading session, Honda Motor (HMC - Free Report) closed at $32.23, marking a +0.12% move from the previous day. This move lagged the S&P 500's daily gain of 0.73%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.93%.
Prior to today's trading, shares of the automaker had lost 8.58% over the past month. This has lagged the Auto-Tires-Trucks sector's loss of 8.5% and the S&P 500's loss of 2.29% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Honda Motor in its upcoming earnings disclosure. The company is expected to report EPS of $0.69, down 13.75% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $32.12 billion, showing a 4.19% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.92 per share and a revenue of $134.63 billion, representing changes of +29.37% and +7.7%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Honda Motor. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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.
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. Within the past 30 days, our consensus EPS projection has moved 0.26% higher. Honda Motor currently has a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Honda Motor has a Forward P/E ratio of 8.21 right now. This signifies a premium in comparison to the average Forward P/E of 6.28 for its industry.
Meanwhile, HMC's PEG ratio is currently 0.43. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Automotive - Foreign industry had an average PEG ratio of 0.45 as trading concluded yesterday.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 45, positioning it in the top 18% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Honda Motor (HMC) Increases Yet Falls Behind Market: What Investors Need to Know
In the latest trading session, Honda Motor (HMC - Free Report) closed at $32.23, marking a +0.12% move from the previous day. This move lagged the S&P 500's daily gain of 0.73%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.93%.
Prior to today's trading, shares of the automaker had lost 8.58% over the past month. This has lagged the Auto-Tires-Trucks sector's loss of 8.5% and the S&P 500's loss of 2.29% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Honda Motor in its upcoming earnings disclosure. The company is expected to report EPS of $0.69, down 13.75% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $32.12 billion, showing a 4.19% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.92 per share and a revenue of $134.63 billion, representing changes of +29.37% and +7.7%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Honda Motor. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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.
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. Within the past 30 days, our consensus EPS projection has moved 0.26% higher. Honda Motor currently has a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Honda Motor has a Forward P/E ratio of 8.21 right now. This signifies a premium in comparison to the average Forward P/E of 6.28 for its industry.
Meanwhile, HMC's PEG ratio is currently 0.43. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Automotive - Foreign industry had an average PEG ratio of 0.45 as trading concluded yesterday.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 45, positioning it in the top 18% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.