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Toyota Motor Corporation (TM) Stock Dips While Market Gains: Key Facts
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In the latest trading session, Toyota Motor Corporation (TM - Free Report) closed at $203.18, marking a -1.47% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.16% for the day. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.49%.
Shares of the company have depreciated by 5.72% over the course of the past month, underperforming the Auto-Tires-Trucks sector's gain of 0.39% and the S&P 500's gain of 3.22%.
Market participants will be closely following the financial results of Toyota Motor Corporation in its upcoming release. The company is predicted to post an EPS of $4.01, indicating a 43.12% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $72.48 billion, indicating a 5.69% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $22.07 per share and a revenue of $319.48 billion, demonstrating changes of -12.94% and +2.37%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Toyota Motor Corporation. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 3.31% lower. Toyota Motor Corporation presently features a Zacks Rank of #3 (Hold).
Investors should also note Toyota Motor Corporation's current valuation metrics, including its Forward P/E ratio of 9.34. This denotes a premium relative to the industry's average Forward P/E of 7.17.
It is also worth noting that TM currently has a PEG ratio of 0.35. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Automotive - Foreign stocks are, on average, holding a PEG ratio of 0.6 based on yesterday's closing prices.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 147, finds itself in the bottom 42% echelons of all 250+ industries.
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) Stock Dips While Market Gains: Key Facts
In the latest trading session, Toyota Motor Corporation (TM - Free Report) closed at $203.18, marking a -1.47% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.16% for the day. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.49%.
Shares of the company have depreciated by 5.72% over the course of the past month, underperforming the Auto-Tires-Trucks sector's gain of 0.39% and the S&P 500's gain of 3.22%.
Market participants will be closely following the financial results of Toyota Motor Corporation in its upcoming release. The company is predicted to post an EPS of $4.01, indicating a 43.12% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $72.48 billion, indicating a 5.69% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $22.07 per share and a revenue of $319.48 billion, demonstrating changes of -12.94% and +2.37%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Toyota Motor Corporation. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 3.31% lower. Toyota Motor Corporation presently features a Zacks Rank of #3 (Hold).
Investors should also note Toyota Motor Corporation's current valuation metrics, including its Forward P/E ratio of 9.34. This denotes a premium relative to the industry's average Forward P/E of 7.17.
It is also worth noting that TM currently has a PEG ratio of 0.35. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Automotive - Foreign stocks are, on average, holding a PEG ratio of 0.6 based on yesterday's closing prices.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 147, finds itself in the bottom 42% echelons of all 250+ industries.
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.