Ford Motor Company (F) closed at $14.20 in the latest trading session, marking a -1.39% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.65%. On the other hand, the Dow registered a gain of 0.48%, and the technology-centric Nasdaq increased by 0.82%.
The company's stock has climbed by 5.65% in the past month, exceeding the Auto-Tires-Trucks sector's gain of 1.58% and the S&P 500's gain of 1.15%.
The investment community will be closely monitoring the performance of Ford Motor Company in its forthcoming earnings report. The company is expected to report EPS of $0.06, down 84.62% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $40.02 billion, down 10.88% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $1.05 per share and a revenue of $171.88 billion, demonstrating changes of -42.93% and 0%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Ford Motor Company. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.69% lower. Ford Motor Company is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Ford Motor Company is holding a Forward P/E ratio of 10.15. This indicates a discount in contrast to its industry's Forward P/E of 14.33.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 100, this industry ranks in the top 41% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Ford Motor Company (F): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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