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The most recent trading session ended with Toyota Motor Corporation (TM) standing at $195.66, reflecting a -1.93% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a loss of 1.07% for the day. Elsewhere, the Dow lost 0.97%, while the tech-heavy Nasdaq lost 1.19%.
Prior to today's trading, shares of the company had gained 16.93% over the past month. This has lagged the Auto-Tires-Trucks sector's gain of 19.11% and outpaced the S&P 500's loss of 0.36% in that time.
Investors will be eagerly watching for the performance of Toyota Motor Corporation in its upcoming earnings disclosure. The company is expected to report EPS of $4.36, down 35.98% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $78.36 billion, down 3.91% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $19.93 per share and a revenue of $307.28 billion, signifying shifts of -21.38% and -1.54%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Toyota Motor Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 7.56% lower. As of now, Toyota Motor Corporation holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Toyota Motor Corporation is holding a Forward P/E ratio of 10.01. This indicates a premium in contrast to its industry's Forward P/E of 7.59.
Meanwhile, TM's PEG ratio is currently 0.38. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Foreign industry currently had an average PEG ratio of 0.82 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 164, which puts it in the bottom 35% of all 250+ industries.