Toyota Motor Corporation (TM) closed at $178.19 in the latest trading session, marking a -1.13% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.57% for the day. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq decreased by 1.15%.
Coming into today, shares of the company had lost 3.82% in the past month. In that same time, the Auto-Tires-Trucks sector lost 0.94%, while the S&P 500 gained 2.14%.
Investors will be eagerly watching for the performance of Toyota Motor Corporation in its upcoming earnings disclosure.
TM's full-year Zacks Consensus Estimates are calling for earnings of $21.11 per share and revenue of $325.63 billion. These results would represent year-over-year changes of +7.65% and -3.2%, respectively.
Investors might also notice recent changes to analyst estimates for Toyota Motor Corporation. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 4.49% higher. At present, Toyota Motor Corporation boasts a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Toyota Motor Corporation has a Forward P/E ratio of 8.54 right now. This valuation marks a discount compared to its industry average Forward P/E of 10.18.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 176, which puts it in the bottom 28% of all 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.
To follow TM in the coming trading sessions, be sure to utilize Zacks.com.
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Toyota Motor Corporation (TM): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).