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Toyota Motor Corporation TM is slated to release third-quarter fiscal 2025 results on Feb. 4, after market close. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at $4.36 per share and $78.36 billion, respectively.
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For the fiscal third quarter, the consensus estimate for TM’s earnings per share has moved down by 83 cents in the past 60 days. Its bottom-line estimates imply a decline of 35.98% from the year-ago reported number.
The Zacks Consensus Estimate for revenues suggests a year-over-year decline of 3.91%.
TM surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once, the average surprise being 45.49%. This is depicted in the graph below:
Toyota Motor Corporation Price and EPS Surprise
Toyota Motor Corporation price-eps-surprise | Toyota Motor Corporation Quote
Q2 Highlights
In second-quarter fiscal 2025, Toyota posted adjusted quarterly earnings of $2.90 per share, which lagged the Zacks Consensus Estimate of $4.39 and declined from $6.54 reported a year ago. TM posted revenues of $76.9 billion, missing the Zacks Consensus Estimate of $79.7 billion and falling from $79.1 billion in the year-ago quarter.
Things to Note
In the fiscal third quarter, Toyota sold 603,104 vehicles in the United States, down 2.7% year over year. In Canada, it sold 58,312 vehicles in the fiscal third quarter, down 1.1% year over year. Lower overall sales volumes in the United States and Canada are likely to have hurt the company’s top-line growth in the fiscal third quarter.
Here's a sneak peek at the firm’s key revenue projections for the to-be-reported quarter.
Our estimate for quarterly revenues from Japan, which has the highest contribution to the company’s revenues, is pegged at ¥5.33 trillion, suggesting a decline from ¥5.63 trillion recorded in the prior-year quarter. Our estimate for revenues from North America is pegged at ¥4.78 trillion, indicating a decline from ¥4.96 trillion recorded in the year-ago quarter.
Our estimate for revenues from Europe is pegged at ¥1.5 trillion, indicating a decline from ¥1.52 trillion recorded in the year-ago period. Our estimate for quarterly revenues from Asia is pegged at ¥2.25 trillion, suggesting a decline from ¥2.37 trillion reported in the year-ago quarter. Our estimate for revenues from Other is pegged at ¥1.1 trillion, indicating a rise from ¥974 billion recorded in the year-ago quarter.
Also, Toyota’s capital expenditure for fiscal 2025 is expected to flare up from ¥2 trillion to ¥2.15 trillion. While such massive spending is expected to boost long-term prospects, it is likely to have hit the company’s fiscal third-quarter cash flow.