Investors are pessimistic on the German Auto industry, indicating that they anticipate long term growth rates will be lower than they have historically.
The industry is trading at a PE ratio of 5.6x which is lower than its 3-year average PE of 8.9x.
The industry is trading close to its 3-year average PS ratio of 0.45x.
Past Earnings Growth
The earnings for companies in the Auto industry have grown 29% per year over the last three years.
Revenues for these companies have grown 3.6% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the German Consumer Discretionary industry?
Investors are most optimistic about the Automobile Manufacturers industry even though it's trading below its 3-year average PE ratio of 8.9x.
Analysts are expecting annual earnings decline of 2.5%, which is lower than the prior year's growth of 3.5% per year.
Investors are most pessimistic about the Automobile Manufacturers industry, which is trading below its 3-year average of 8.9x.
Despite it being negative, analysts are least pessimistic on the Automobile Manufacturers industry since they expect its earnings to decline by only 2.5% per year over the next 5 years, which isn't as bad as the other industries.
This is a reversal from its past annual earnings growth rate of 3.5% per year.
In contrast, the Automobile Manufacturers industry is expected to see its earnings decline by 2.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?