Toyota Motor Corporation (TM) Stock Sinks As Market Gains: Here's Why

Toyota Motor Corporation (TM) closed at $190.70 in the latest trading session, marking a -0.76% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.08%. Meanwhile, the Dow gained 0.08%, and the Nasdaq, a tech-heavy index, added 0.52%.Prior to today's trading, shares of the company had gained 6.36% over the past month. This has outpaced the Auto-Tires-Trucks sector's loss of 19.95% and the S&P 500's loss of 7.33% in that time.Market participants will be closely following the financial results of Toyota Motor Corporation in its upcoming release. On that day, Toyota Motor Corporation is projected to report earnings of $2.19 per share, which would represent a year-over-year decline of 56.11%. Meanwhile, the latest consensus estimate predicts the revenue to be $75.52 billion, indicating a 1.28% increase compared to the same quarter of the previous year.For the full year, the Zacks Consensus Estimates project earnings of $21.01 per share and a revenue of $309.97 billion, demonstrating changes of -17.12% and -0.68%, respectively, from the preceding year.Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Toyota Motor Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 6.29% upward. Toyota Motor Corporation currently has a Zacks Rank of #3 (Hold).Digging into valuation, Toyota Motor Corporation currently has a Forward P/E ratio of 9.15. This denotes a premium relative to the industry's average Forward P/E of 7.29.Investors should also note that TM has a PEG ratio of 0.35 right now. 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 Automotive - Foreign industry was having an average PEG ratio of 1.13.The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 157, which puts it in the bottom 38% of all 250+ industries.The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>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