Toyota Motor (TM) Stock Jumps 8.8%: Will It Continue to Soar?

Toyota Motor - Toyota's shares surged after Nikkei reported the company plans to raise its return on equity target to 20%, nearly doubling market expectations of 11% for the fiscal year ending in March [1] - The consensus EPS estimate for Toyota Motor has been revised 23.5% higher over the last 30 days, indicating a positive trend in earnings estimate revision [2] - Toyota Motor shares rallied 8.8% in the last trading session to close at $197.36, with notable volume traded compared to a typical session [4] - The stock has gained 6.9$4.36 per share, representing a year-over-year change of -36%, with revenues expected to be $78.36 billion, down 3.9$1.03, representing a year-over-year change of +7.3% [3] - Suzuki Motor boasts a Zacks Rank of 1 (Strong Buy) [3] - Suzuki Motor finished the last trading session 0.5% lower at $44.57, but has returned 8.4% over the past month [6] Industry Insights - Toyota Motor is a member of the Zacks Automotive - Foreign industry [6] - Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements [5]