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Toyota Motor Corporation (TM) Gains But Lags Market: What You Should Know
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Toyota Motor Corporation (TM - Free Report) closed the most recent trading day at $178.10, moving +0.24% from the previous trading session. This change lagged the S&P 500's 0.33% gain on the day.
Heading into today, shares of the company had gained 7.32% over the past month, lagging the Auto-Tires-Trucks sector's gain of 9.15% and outpacing the S&P 500's gain of 1.74% in that time.
TM will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $3.43, up 223.58% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $62.37 billion, up 45.79% from the prior-year quarter.
TM's full-year Zacks Consensus Estimates are calling for earnings of $16.58 per share and revenue of $282.58 billion. These results would represent year-over-year changes of +10.61% and +9.86%, respectively.
Investors might also notice recent changes to analyst estimates for TM. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 2.36% lower. TM is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, TM is holding a Forward P/E ratio of 10.72. This represents a discount compared to its industry's average Forward P/E of 10.82.
Meanwhile, TM's PEG ratio is currently 0.82. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Automotive - Foreign stocks are, on average, holding a PEG ratio of 0.78 based on yesterday's closing prices.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 120, which puts it in the top 48% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Toyota Motor Corporation (TM) Gains But Lags Market: What You Should Know
Toyota Motor Corporation (TM - Free Report) closed the most recent trading day at $178.10, moving +0.24% from the previous trading session. This change lagged the S&P 500's 0.33% gain on the day.
Heading into today, shares of the company had gained 7.32% over the past month, lagging the Auto-Tires-Trucks sector's gain of 9.15% and outpacing the S&P 500's gain of 1.74% in that time.
TM will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $3.43, up 223.58% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $62.37 billion, up 45.79% from the prior-year quarter.
TM's full-year Zacks Consensus Estimates are calling for earnings of $16.58 per share and revenue of $282.58 billion. These results would represent year-over-year changes of +10.61% and +9.86%, respectively.
Investors might also notice recent changes to analyst estimates for TM. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 2.36% lower. TM is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, TM is holding a Forward P/E ratio of 10.72. This represents a discount compared to its industry's average Forward P/E of 10.82.
Meanwhile, TM's PEG ratio is currently 0.82. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Automotive - Foreign stocks are, on average, holding a PEG ratio of 0.78 based on yesterday's closing prices.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 120, which puts it in the top 48% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.