Ford Motor Company (F) ended the recent trading session at $12.95, demonstrating a -1.18% change from the preceding day’s closing price. The stock fell short of the S&P 500, which registered a loss of 0.76% for the day. Meanwhile, the Dow lost 0.68%, and the Nasdaq, a tech-heavy index, lost 1.13%.
Prior to today’s trading, shares of the company had lost 6.09% lagged the Auto-Tires-Trucks sector’s loss of 0.22% and the S&P 500’s gain of 1.26%.
Market participants will be closely following the financial results of Ford Motor Company in its upcoming release. The company’s upcoming EPS is projected at $0.41, signifying a 8.89% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $45.7 billion, indicating a 3.15% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $1.86 per share and a revenue of $176.03 billion, demonstrating changes of +70.64% and +1.14%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Ford Motor Company. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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, there’s been no change in the Zacks Consensus EPS estimate. Ford Motor Company is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Ford Motor Company is holding a Forward P/E ratio of 7.06. This indicates a discount in contrast to its industry’s Forward P/E of 16.78.
One should further note that F currently holds a PEG ratio of 0.27. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company’s anticipated earnings growth rate. F’s industry had an average PEG ratio of 1.01 as of yesterday’s close.
The Automotive – Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 42, this industry ranks in the top 18% of all industries, numbering over 250.
