Toyota Motor Corporation (TM) Rises Higher Than Market: Key Facts

Toyota Motor Corporation (TM) closed the most recent trading day at $172.14, moving +1.1% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.14%. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.27%. The stock of company has fallen by 4.75% in the past month, lagging the Auto-Tires-Trucks sector's loss of 1.73% and the S&P 500's gain of 3.97%.Market participants will be closely following the financial results of Toyota Motor Corporation in its upcoming release. In that report, analysts expect Toyota Motor Corporation to post earnings of $4.67 per share. This would mark a year-over-year decline of 26.46%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $79.41 billion, up 4.57% from the year-ago period. For the full year, the Zacks Consensus Estimates are projecting earnings of $18.56 per share and revenue of $339.36 billion, which would represent changes of -21.39% and +7.63%, respectively, from the prior year. Investors should also pay attention to any latest changes in analyst estimates for Toyota Motor Corporation. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.32% fall in the Zacks Consensus EPS estimate. Toyota Motor Corporation presently features a Zacks Rank of #5 (Strong Sell). Looking at valuation, Toyota Motor Corporation is presently trading at a Forward P/E ratio of 9.18. This represents a discount compared to its industry average Forward P/E of 10.02. The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 234, putting it in the bottom 6% of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Should You Invest in Toyota Motor Corporation (TM)?Before you invest in Toyota Motor Corporation (TM), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)Want 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 Toyota Motor Corporation (TM): 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