To capitalize on the accelerated global shift to green cars, the auto giant is deepening focus on manufacturing electric and fuel-cell vehicles, which will bolster the company’s product competitiveness. Continued demand for vehicles and robust product line-up is set to fuel sales volumes of Toyota. Toyota Motor shares have modestly outperformed the Zacks Automotive – Foreign industry over the past year (+7.0% vs. ![]() ![]() Looking at Q2 as a whole, combining the actuals that have come out with estimates for the sitll to come companies, total earnings are expected to be down -10.4% from the same period last year on -0.4% lower revenues.Įxcluding the Energy sector drag, Q2 earnings for the rest of the S&P 500 index would be down -4.6% on +3.3% higher revenues. This is notable since Q2 estimates had suffered fewer negative revisions relative to other recent quarters. The 81.1% EPS beats percentage is not only above what we had seen from this group of 122 S&P 500 members in recent quarters but is also above the 5-year average of 78.7%. The +1.2% earnings growth pace for this group of 122 index members is the first positive year-over-year earnings growth after 5 back-to-back quarters of declines. Total earnings for these 122 index members are up +1.2% from the same period last year on +7.1% higher revenues, with 81.1% beating EPS estimates and 63.9% beating revenue estimates. ![]() Including all the results that came out this morning, we now have Q2 results from 122 S&P 500 members or 24.4% of the index’s total membership. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. Today’s Research Daily features a real-time update on the ongoing Q2 earnings season and new research reports on 16 major stocks, including Toyota Motor Corp., Deere & Co. The Zacks Research Daily presents the best research output of our analyst team.
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