Joyota Motor Corporation (TM) closed the last day of trading at $173.30, +1.98% from the previous trading session. The stock topped the S&P 500’s 0.57% daily loss. Meanwhile, the Dow Jones lost 0.3% and the tech-heavy Nasdaq lost 0.26%.
Going into today, the company’s shares had lost 2.61% over the past month, outpacing the Auto-Tyres-Trucks sector’s loss of 14.98% and the S&P 500’s loss of 8. .27% during this period.
Wall Street will be looking for positivity from Toyota Motor Corporation as its next earnings report date nears. In this report, analysts expect Toyota Motor Corporation to post earnings of $2.40 per share. This would mark a year-over-year decline of 53.67%. Our most recent consensus estimate calls for quarterly revenue of $68.2 billion, down 6.02% from the prior year period.
Any recent changes in analyst estimates for Toyota Motor Corporation should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term trading trends. Thus, positive revisions to estimates reflect analysts’ optimism about the company’s business and profitability.
Based on our research, we believe that these estimate revisions are directly related to the team’s close stock movements. Investors can take advantage of this by using the Zacks ranking. This model accounts for these estimation changes and provides a simple and actionable scoring system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive track record of outperformance verified by external audits, with #1 stocks generating an average annual return of +25% since 1988 Over the past 30 days, our consensus EPS projection is down 8.16%. Toyota Motor Corporation currently holds a Zacks rank of #4 (selling).
Digging into the valuation, Toyota Motor Corporation currently has a Forward P/E ratio of 9.22. This represents a premium to its industry average Forward P/E of 7.21.
We can also see that TM currently has a PEG ratio of 0.41. This measure is used in the same way as the famous P/E ratio, but the PEG ratio also takes into account the growth rate of the stock’s expected earnings. Automotive – Foreign had an average PEG ratio of 0.41 at yesterday’s closing price.
The Automotive – Foreign Industry is part of the Auto-Tyres-Trucks sector. This industry currently has a Zacks Industry Rank of 212, which places it in the bottom 17% of all 250+ industries.
The Zacks Industry Ranking assesses the strength of our individual industry groups by measuring the average Zacks Ranking of individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
To follow TM in future trading sessions, be sure to use Zacks.com.
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