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Toyota Motor Corporation (TM) Stock Drops Despite Market Gains: Important Facts to Note
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Toyota Motor Corporation (TM - Free Report) closed the most recent trading day at $191.53, moving -1.23% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.17% for the day. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq increased by 0.4%.
The stock of company has risen by 0.87% in the past month, lagging the Auto-Tires-Trucks sector's gain of 2.96% and overreaching the S&P 500's loss of 1.29%.
Analysts and investors alike will be keeping a close eye on the performance of Toyota Motor Corporation in its upcoming earnings disclosure.
For the full year, the Zacks Consensus Estimates are projecting earnings of $20.28 per share and revenue of $341.73 billion, which would represent changes of +3.42% and +1.58%, respectively, from the prior year.
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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.5% higher within the past month. As of now, Toyota Motor Corporation holds a Zacks Rank of #3 (Hold).
In the context of valuation, Toyota Motor Corporation is at present trading with a Forward P/E ratio of 9.56. Its industry sports an average Forward P/E of 11.37, so one might conclude that Toyota Motor Corporation is trading at a discount comparatively.
It's also important to note that TM currently trades at a PEG ratio of 1.28. 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. By the end of yesterday's trading, the Automotive - Foreign industry had an average PEG ratio of 0.89.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 180, finds itself in the bottom 27% echelons 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Toyota Motor Corporation (TM) Stock Drops Despite Market Gains: Important Facts to Note
Toyota Motor Corporation (TM - Free Report) closed the most recent trading day at $191.53, moving -1.23% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.17% for the day. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq increased by 0.4%.
The stock of company has risen by 0.87% in the past month, lagging the Auto-Tires-Trucks sector's gain of 2.96% and overreaching the S&P 500's loss of 1.29%.
Analysts and investors alike will be keeping a close eye on the performance of Toyota Motor Corporation in its upcoming earnings disclosure.
For the full year, the Zacks Consensus Estimates are projecting earnings of $20.28 per share and revenue of $341.73 billion, which would represent changes of +3.42% and +1.58%, respectively, from the prior year.
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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.5% higher within the past month. As of now, Toyota Motor Corporation holds a Zacks Rank of #3 (Hold).
In the context of valuation, Toyota Motor Corporation is at present trading with a Forward P/E ratio of 9.56. Its industry sports an average Forward P/E of 11.37, so one might conclude that Toyota Motor Corporation is trading at a discount comparatively.
It's also important to note that TM currently trades at a PEG ratio of 1.28. 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. By the end of yesterday's trading, the Automotive - Foreign industry had an average PEG ratio of 0.89.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 180, finds itself in the bottom 27% echelons 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.