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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 $188.99, moving -1.28% from the previous trading session. This change lagged the S&P 500's 0.7% gain on the day. Meanwhile, the Dow experienced a rise of 0.53%, and the technology-dominated Nasdaq saw an increase of 1%.
Prior to today's trading, shares of the company had gained 9.66% outpaced the Auto-Tires-Trucks sector's loss of 15.99% and the S&P 500's loss of 0.49%.
The investment community will be closely monitoring the performance of Toyota Motor Corporation in its forthcoming earnings report.
TM's full-year Zacks Consensus Estimates are calling for earnings of $20.05 per share and revenue of $325.34 billion. These results would represent year-over-year changes of +2.24% and -3.29%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Toyota Motor Corporation. These recent revisions tend to reflect the evolving nature of short-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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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 past month, there's been a 4.2% fall in the Zacks Consensus EPS estimate. Toyota Motor Corporation presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Toyota Motor Corporation is presently being traded at a Forward P/E ratio of 9.55. This valuation marks a discount compared to its industry average Forward P/E of 9.91.
It is also worth noting that TM currently has a PEG ratio of 1.28. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. TM's industry had an average PEG ratio of 1.44 as of yesterday's close.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 172, which puts it in the bottom 31% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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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 $188.99, moving -1.28% from the previous trading session. This change lagged the S&P 500's 0.7% gain on the day. Meanwhile, the Dow experienced a rise of 0.53%, and the technology-dominated Nasdaq saw an increase of 1%.
Prior to today's trading, shares of the company had gained 9.66% outpaced the Auto-Tires-Trucks sector's loss of 15.99% and the S&P 500's loss of 0.49%.
The investment community will be closely monitoring the performance of Toyota Motor Corporation in its forthcoming earnings report.
TM's full-year Zacks Consensus Estimates are calling for earnings of $20.05 per share and revenue of $325.34 billion. These results would represent year-over-year changes of +2.24% and -3.29%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Toyota Motor Corporation. These recent revisions tend to reflect the evolving nature of short-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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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 past month, there's been a 4.2% fall in the Zacks Consensus EPS estimate. Toyota Motor Corporation presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Toyota Motor Corporation is presently being traded at a Forward P/E ratio of 9.55. This valuation marks a discount compared to its industry average Forward P/E of 9.91.
It is also worth noting that TM currently has a PEG ratio of 1.28. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. TM's industry had an average PEG ratio of 1.44 as of yesterday's close.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 172, which puts it in the bottom 31% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.