Toyota Motor Corporation (TM) closed at $183.10 in the latest trading session, marking a -1.93% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.25% for the day. Elsewhere, the Dow saw a downswing of 0.86%, while the tech-heavy Nasdaq appreciated by 0.24%.
Heading into today, shares of the company had lost 5.73% over the past month, lagging the Auto-Tires-Trucks sector's loss of 2.07% and the S&P 500's loss of 0.42%.
Market participants will be closely following the financial results of Toyota Motor Corporation in its upcoming release.
TM's full-year Zacks Consensus Estimates are calling for earnings of $20.36 per share and revenue of $339.04 billion. These results would represent year-over-year changes of +3.82% and +0.78%, 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. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 witnessed a 1.39% increase. Currently, Toyota Motor Corporation is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Toyota Motor Corporation is presently being traded at a Forward P/E ratio of 9.17. Its industry sports an average Forward P/E of 10.35, so one might conclude that Toyota Motor Corporation is trading at a discount comparatively.
Also, we should mention that TM has a PEG ratio of 1.23. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Foreign industry currently had an average PEG ratio of 0.82 as of yesterday's close.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 186, finds itself in the bottom 25% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).