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Toyota Motor Corporation

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Toyota recorded a year-over-year decline in earnings in first-quarter fiscal 2017. However, earnings comfortably surpassed the Zacks Consensus Estimate. Consolidated revenues also decreased year over year but outpaced the Zacks Consensus Estimate. The company focuses on product development, capacity increases and expansion in emerging markets. The automaker also made several structural changes in order to deliver high-quality vehicles and improve the strength and autonomy of regional operations. However, declining global sales, a string of product recalls and large fines pose concerns for Toyota. Also, the company issued a weak guidance for earnings, operating income and revenues for fiscal 2017.


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