Toyota Motor Corporation (TM) closed at $176.45 in the latest trading session, marking a +1.22% move from the prior day. This change outpaced the S&P 500's 0.42% gain on the day. Meanwhile, the Dow experienced a rise of 0.29%, and the technology-dominated Nasdaq saw an increase of 0.29%.
The stock of company has fallen by 0.36% in the past month, lagging the Auto-Tires-Trucks sector's gain of 0.6% and the S&P 500's gain of 2.2%.
Analysts and investors alike will be keeping a close eye on the performance of Toyota Motor Corporation in its upcoming earnings disclosure.
For the full year, the Zacks Consensus Estimates are projecting earnings of $20.94 per share and revenue of $324.16 billion, which would represent changes of +6.78% and -3.64%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Toyota Motor Corporation. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.21% downward. Toyota Motor Corporation is holding a Zacks Rank of #4 (Sell) right now.
In the context of valuation, Toyota Motor Corporation is at present trading with a Forward P/E ratio of 8.33. This indicates a discount in contrast to its industry's Forward P/E of 9.31.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 188, placing it within the bottom 24% of over 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).