Subaru Corporation (FUJHY) Declines More Than Market: Some Information for Investors

Subaru Corporation FUJHY closed the latest trading day at $9.66, indicating a -1.02% change from the previous session's end. The stock's performance was behind the S&P 500's daily loss of 0.37%. On the other hand, the Dow registered a loss of 0.62%, and the technology-centric Nasdaq decreased by 0.19%.

The company's shares have seen an increase of 9.17% over the last month, surpassing the Auto-Tires-Trucks sector's loss of 4.68% and the S&P 500's gain of 1.56%.

The investment community will be paying close attention to the earnings performance of Subaru Corporation in its upcoming release.

It is also important to note the recent changes to analyst estimates for Subaru Corporation. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Subaru Corporation is currently sporting a Zacks Rank of #3 (Hold).

From a valuation perspective, Subaru Corporation is currently exchanging hands at a Forward P/E ratio of 6.26. This signifies a discount in comparison to the average Forward P/E of 7.03 for its industry.

It's also important to note that FUJHY currently trades at a PEG ratio of 0.25. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Automotive - Foreign industry held an average PEG ratio of 0.39.

The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 74, this industry ranks in the top 30% of all industries, numbering over 250.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

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