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Toyota Motor Corporation (TM) Stock Sinks As Market Gains: What You Should Know
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Toyota Motor Corporation (TM - Free Report) closed the most recent trading day at $191.09, moving -2.72% from the previous trading session. This change lagged the S&P 500's 0.41% gain on the day. Meanwhile, the Dow experienced a rise of 0.18%, and the technology-dominated Nasdaq saw an increase of 0.31%.
Heading into today, shares of the company had gained 0.96% over the past month, lagging the Auto-Tires-Trucks sector's gain of 18.41% and the S&P 500's gain of 3.15%.
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 $18.15 per share and revenue of $331.26 billion. These results would represent year-over-year changes of -23.13% and +5.06%, respectively.
Investors should also note any recent changes to analyst estimates for Toyota Motor Corporation. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, Toyota Motor Corporation holds a Zacks Rank of #3 (Hold).
Digging into valuation, Toyota Motor Corporation currently has a Forward P/E ratio of 10.83. This denotes a discount relative to the industry average Forward P/E of 12.25.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 178, this industry ranks in the bottom 28% of all industries, numbering over 250.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Toyota Motor Corporation (TM) Stock Sinks As Market Gains: What You Should Know
Toyota Motor Corporation (TM - Free Report) closed the most recent trading day at $191.09, moving -2.72% from the previous trading session. This change lagged the S&P 500's 0.41% gain on the day. Meanwhile, the Dow experienced a rise of 0.18%, and the technology-dominated Nasdaq saw an increase of 0.31%.
Heading into today, shares of the company had gained 0.96% over the past month, lagging the Auto-Tires-Trucks sector's gain of 18.41% and the S&P 500's gain of 3.15%.
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 $18.15 per share and revenue of $331.26 billion. These results would represent year-over-year changes of -23.13% and +5.06%, respectively.
Investors should also note any recent changes to analyst estimates for Toyota Motor Corporation. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, Toyota Motor Corporation holds a Zacks Rank of #3 (Hold).
Digging into valuation, Toyota Motor Corporation currently has a Forward P/E ratio of 10.83. This denotes a discount relative to the industry average Forward P/E of 12.25.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 178, this industry ranks in the bottom 28% of all industries, numbering over 250.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.