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Why Toyota Motor Corporation (TM) Outpaced the Stock Market Today
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Toyota Motor Corporation (TM - Free Report) closed at $217.87 in the latest trading session, marking a +1.78% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.19%. Elsewhere, the Dow saw an upswing of 0.66%, while the tech-heavy Nasdaq depreciated by 0.03%.
Coming into today, shares of the company had gained 7.96% in the past month. In that same time, the Auto-Tires-Trucks sector gained 3.98%, while the S&P 500 gained 0.54%.
Market participants will be closely following the financial results of Toyota Motor Corporation in its upcoming release.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $17.94 per share and a revenue of $322.5 billion, signifying shifts of -24.02% and +2.29%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Toyota Motor Corporation. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Toyota Motor Corporation boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Toyota Motor Corporation currently has a Forward P/E ratio of 11.93. This represents a discount compared to its industry average Forward P/E of 11.98.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 214, which puts it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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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Why Toyota Motor Corporation (TM) Outpaced the Stock Market Today
Toyota Motor Corporation (TM - Free Report) closed at $217.87 in the latest trading session, marking a +1.78% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.19%. Elsewhere, the Dow saw an upswing of 0.66%, while the tech-heavy Nasdaq depreciated by 0.03%.
Coming into today, shares of the company had gained 7.96% in the past month. In that same time, the Auto-Tires-Trucks sector gained 3.98%, while the S&P 500 gained 0.54%.
Market participants will be closely following the financial results of Toyota Motor Corporation in its upcoming release.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $17.94 per share and a revenue of $322.5 billion, signifying shifts of -24.02% and +2.29%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Toyota Motor Corporation. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Toyota Motor Corporation boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Toyota Motor Corporation currently has a Forward P/E ratio of 11.93. This represents a discount compared to its industry average Forward P/E of 11.98.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 214, which puts it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.