The 10-second takeaway
For the quarter ended Sep. 30 (Q2), Toyota Motor met expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share increased significantly.
Margins grew across the board.
Toyota Motor reported revenue of $69.42 billion. The 13 analysts polled by S&P Capital IQ predicted net sales of $70.11 billion on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $59.34 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.05. The two earnings estimates compiled by S&P Capital IQ predicted $1.66 per share. GAAP EPS of $1.05 for Q2 were 218% higher than the prior-year quarter's $0.33 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 15.3%, 390 basis points better than the prior-year quarter. Operating margin was 6.3%, 470 basis points better than the prior-year quarter. Net margin was 4.8%, 300 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $63.92 billion. On the bottom line, the average EPS estimate is $1.46.
Next year's average estimate for revenue is $271.99 billion. The average EPS estimate is $6.99.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 3,368 members out of 3,696 rating the stock outperform, and 328 members rating it underperform. Among 899 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 850 give Toyota Motor a green thumbs-up, and 49 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Toyota Motor is outperform, with an average price target of $102.96.
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