Honda Motor (HMC) closed the newest buying and selling day at $30.43, transferring +0.63% from the earlier buying and selling session. This transfer lagged the S&P 500’s every day achieve of 1.09%.
Heading into at this time, shares of the automaker had misplaced 0.03% over the previous month, lagging the Auto-Tires-Vehicles sector’s achieve of 0.42% and the S&P 500’s achieve of 5.05% in that point.
Wall Avenue will probably be in search of positivity from HMC because it approaches its subsequent earnings report date. In that report, analysts count on HMC to submit earnings of $0.43 per share. This may mark year-over-year development of 368.75%. In the meantime, the Zacks Consensus Estimate for income is projecting web gross sales of $33.12 billion, up 4.31% from the year-ago interval.
Any current modifications to analyst estimates for HMC must also be famous by traders. These current revisions are inclined to mirror the evolving nature of short-term enterprise developments. As such, constructive estimate revisions mirror analyst optimism in regards to the firm’s enterprise and profitability.
Our analysis exhibits that these estimate modifications are immediately correlated with near-term inventory costs. To profit from this, we’ve developed the Zacks Rank, a proprietary mannequin which takes these estimate modifications under consideration and supplies an actionable score system.
The Zacks Rank system, which ranges from #1 (Robust Purchase) to #5 (Robust Promote), has a powerful outside-audited observe report of outperformance, with #1 shares producing a median annual return of +25% since 1988. Over the previous month, the Zacks Consensus EPS estimate has moved 3.49% decrease. HMC is at present a Zacks Rank #3 (Maintain).
its valuation, HMC is holding a Ahead P/E ratio of 8.41. This valuation marks a reduction in comparison with its business’s common Ahead P/E of 10.3.
We are able to additionally see that HMC at present has a PEG ratio of 0.36. The PEG ratio is just like the widely-used P/E ratio, however this metric additionally takes the corporate’s anticipated earnings development charge under consideration. The Automotive – Overseas business at present had a median PEG ratio of 0.83 as of yesterday’s shut.
The Automotive – Overseas business is a part of the Auto-Tires-Vehicles sector. This group has a Zacks Trade Rank of 44, placing it within the high 18% of all 250+ industries.
The Zacks Trade Rank gauges the energy of our particular person business teams by measuring the common Zacks Rank of the person shares inside the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
Be sure you comply with all of those stock-moving metrics, and lots of extra, on Zacks.com.
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Honda Motor Co., Ltd. (HMC): Free Inventory Evaluation Report
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