Toyota Motor Corporation (TM) Stock Moves -1.25%: What You Should Know

Toyota Motor Corporation (TM) closed the most recent trading day at $173.02, moving -1.25% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 1.86%. Elsewhere, the Dow saw a downswing of 0.9%, while the tech-heavy Nasdaq depreciated by 2.76%.The the stock of company has fallen by 2.93% in the past month, lagging the Auto-Tires-Trucks sector's loss of 1.21% and the S&P 500's gain of 1.01%.Investors will be eagerly watching for the performance of Toyota Motor Corporation in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $4.39, marking a 32.87% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $79.78 billion, up 0.81% from the year-ago period.TM's full-year Zacks Consensus Estimates are calling for earnings of $21.70 per share and revenue of $323.54 billion. These results would represent year-over-year changes of -14.4% and +3.67%, respectively.Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Toyota Motor Corporation. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Toyota Motor Corporation is currently a Zacks Rank #1 (Strong Buy).Valuation is also important, so investors should note that Toyota Motor Corporation has a Forward P/E ratio of 8.07 right now. This denotes a premium relative to the industry's average Forward P/E of 6.3.We can also see that TM currently has a PEG ratio of 0.31. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Automotive - Foreign industry had an average PEG ratio of 0.72.The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 200, which puts it in the bottom 21% of all 250+ industries.The Zacks Industry Rank gauges the strength of our 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.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks