Why the Market Dipped But Toyota Motor Corporation (TM) Gained Today

Group 1 - Toyota Motor Corporation's stock closed at $192.48, reflecting a +0.12% change, outperforming the S&P 500's loss of 0.64% on the same day [1] - The stock has increased by 21.19% over the past month, significantly surpassing the Auto-Tires-Trucks sector's gain of 1.58% and the S&P 500's gain of 0.38% [1] Group 2 - The upcoming earnings report for Toyota is expected to show an EPS of$ 2.92, which represents a 41.48% decrease compared to the same quarter last year [2] - Revenue is projected to be $78.47 billion, indicating a 5.24% increase from the previous year [2] Group 3 - Recent changes in analyst estimates for Toyota suggest a positive outlook, reflecting optimism regarding the company's business and profitability [3] - The Zacks Rank system, which incorporates these estimate changes, provides a rating system that can guide investment decisions [4] Group 4 - Toyota currently holds a Zacks Rank of 3 (Hold), with a 1.04% decrease in the Zacks Consensus EPS estimate over the last 30 days [5] - The company is trading at a Forward P/E ratio of 8.64, which is higher than the industry average of 7.66, indicating a premium valuation [6] Group 5 - The Automotive - Foreign industry, to which Toyota belongs, has a Zacks Industry Rank of 220, placing it in the bottom 11% of over 250 industries [6] - The Zacks Industry Rank assesses the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming lower-rated ones [7]