Toronto-Dominion Bank (TD) Stock Moves -0.64%: What You Should Know

Toronto-Dominion Bank (TD) closed at $63.45 in the latest trading session, marking a -0.64% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.77%. On the other hand, the Dow registered a loss of 0.95%, and the technology-centric Nasdaq decreased by 0.87%.Shares of the retail and wholesale bank have appreciated by 14.63% over the course of the past month, outperforming the Finance sector's gain of 10.67% and the S&P 500's gain of 11.54%.Analysts and investors alike will be keeping a close eye on the performance of Toronto-Dominion Bank in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.25, signifying a 16.67% drop compared to the same quarter of the previous year.For the full year, the Zacks Consensus Estimates are projecting earnings of $5.38 per share and revenue of $42.17 billion, which would represent changes of -6.27% and +0.47%, respectively, from the prior year.Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Toronto-Dominion Bank. 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.Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.22% decrease. Toronto-Dominion Bank currently has a Zacks Rank of #3 (Hold).Looking at its valuation, Toronto-Dominion Bank is holding a Forward P/E ratio of 11.86. This signifies a premium in comparison to the average Forward P/E of 9.64 for its industry.One should further note that TD currently holds a PEG ratio of 1.62. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Banks - Foreign industry was having an average PEG ratio of 0.95.The Banks - Foreign industry is part of the Finance sector. This group has a Zacks Industry Rank of 17, putting it in the top 7% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Toronto Dominion Bank (The) (TD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks