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Toyota Motor Corporation (TM) Stock Moves -0.28%: What You Should Know
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Toyota Motor Corporation (TM - Free Report) closed at $227.31 in the latest trading session, marking a -0.28% move from the prior day. This change was narrower than the S&P 500's 1.57% loss on the day. Elsewhere, the Dow saw a downswing of 1.49%, while the tech-heavy Nasdaq depreciated by 2.04%.
Shares of the company have depreciated by 5.87% over the course of the past month, underperforming the Auto-Tires-Trucks sector's loss of 1.28% and the S&P 500's loss of 2.5%.
Investors will be eagerly watching for the performance of Toyota Motor Corporation in its upcoming earnings disclosure. The company is expected to report EPS of $2.91, down 5.21% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $67.21 billion, indicating an 8.28% decline compared to the corresponding quarter of the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Toyota Motor Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.82% decrease. Toyota Motor Corporation is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Toyota Motor Corporation is presently being traded at a Forward P/E ratio of 10.12. This expresses a premium compared to the average Forward P/E of 6.11 of its industry.
We can additionally observe that TM currently boasts a PEG ratio of 0.38. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Automotive - Foreign industry was having an average PEG ratio of 0.35.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 191, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Toyota Motor Corporation (TM) Stock Moves -0.28%: What You Should Know
Toyota Motor Corporation (TM - Free Report) closed at $227.31 in the latest trading session, marking a -0.28% move from the prior day. This change was narrower than the S&P 500's 1.57% loss on the day. Elsewhere, the Dow saw a downswing of 1.49%, while the tech-heavy Nasdaq depreciated by 2.04%.
Shares of the company have depreciated by 5.87% over the course of the past month, underperforming the Auto-Tires-Trucks sector's loss of 1.28% and the S&P 500's loss of 2.5%.
Investors will be eagerly watching for the performance of Toyota Motor Corporation in its upcoming earnings disclosure. The company is expected to report EPS of $2.91, down 5.21% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $67.21 billion, indicating an 8.28% decline compared to the corresponding quarter of the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Toyota Motor Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.82% decrease. Toyota Motor Corporation is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Toyota Motor Corporation is presently being traded at a Forward P/E ratio of 10.12. This expresses a premium compared to the average Forward P/E of 6.11 of its industry.
We can additionally observe that TM currently boasts a PEG ratio of 0.38. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Automotive - Foreign industry was having an average PEG ratio of 0.35.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 191, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.