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Honda Motor (HMC) ended the trading consultation at $32. 49, demonstrating a 0. 71% update from the previous day’s final price. The stock outperformed the S
Prior to today’s session, the automaker’s shares had gained 5. 25% in the past month. This outpaced the 12. 12% loss in Auto-Tires-Trucks and the 3. 05% gain in the S
The investment network will pay close attention to Honda Motor’s earnings functionality in its upcoming release. The company is expected to post earnings per share (EPS) of $0. 85, down 16. 67% from the year-ago quarter. Meanwhile, the Zacks consensus estimate for earnings projects sales of $37. 68 billion, up 19. 76% from the same period last year.
For the full year, Zacks consensus estimates project earnings of $4. 16 consistent with the constant percentage and earnings of $143. 49 billion, which would constitute adjustments of 37. 29% and 14. 79%, respectively, from last year.
Investors are also paying attention to the most recent adjustments to analyst estimates for Honda Motor. Recent revisions tend to reflect the most recent short-term business trends. Therefore, the positive adjustments in the estimates represent analysts’ optimism about the company’s business and profitability.
Research indicates that such estimate revisions are correlated with near-term stock value dynamics. To take advantage of this, we created the Zacks Rank, a quantitative model that includes such estimate changes and provides a viable scoring system.
The Zacks Rank system, which goes from number one (buy hard) to number five (sell hard), has a remarkable track record of externally audited outperformance, with the number one stock generating an average annual gain of 25% since 1988. In the last 30-day period, the Zacks Consensus EPS estimate saw an increase of 6. 23%. Honda Motor lately has a Zacks rating of number 1 (strong buy).
Investors are also taking note of Honda Motor’s existing valuation metrics, adding its forward P/E ratio of 7. 75. For comparison, its sector has an average forward P/E of 6. 97, which means Honda Motor trades at a higher value than the group.
Meanwhile, HMC’s PEG ratio is lately 0. 37. The PEG ratio is similar to the P/E ratio used, but this metric also includes the company’s expected earnings expansion trajectory. The Automotive-Foreign Index maintained an average PEG ratio of 0. 35 at yesterday’s final price.
The Automotive – Foreign industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 57, this industry ranks in the top 23% of all industries, numbering over 250.
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.
Don’t use Zacks. com to track those and other inventory action metrics during upcoming trading sessions.
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Honda Motor Co., Ltd. (HMC) : Free Stock Analysis Report
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