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The most recent trading session ended with Toyota Motor Corporation (TM) standing at $194.61, reflecting a -0.54% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 0.43%. At the same time, the Dow lost 0.07%, and the tech-heavy Nasdaq lost 0.9%.
Shares of the company witnessed a gain of 11.29% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its gain of 13.14% and outperforming the S&P 500's loss of 1.98%.
Market participants will be closely following the financial results of Toyota Motor Corporation in its upcoming release. The company is forecasted to report an EPS of $4.36, showcasing a 35.98% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $78.36 billion, indicating a 3.91% downward movement from the same quarter last year.
TM's full-year Zacks Consensus Estimates are calling for earnings of $19.93 per share and revenue of $307.28 billion. These results would represent year-over-year changes of -21.38% and -1.54%, respectively.
It is also important to note the recent changes to analyst estimates for Toyota Motor Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 7.56% decrease. Currently, Toyota Motor Corporation is carrying a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, Toyota Motor Corporation is currently exchanging hands at a Forward P/E ratio of 9.82. This represents a premium compared to its industry's average Forward P/E of 7.74.
Investors should also note that TM has a PEG ratio of 0.37 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Automotive - Foreign stocks are, on average, holding a PEG ratio of 0.82 based on yesterday's closing prices.