Financial News
Ford (F) Reports Earnings Tomorrow: What To Expect
Automotive manufacturer Ford (NYSE:F) will be reporting earnings tomorrow afternoon. Here’s what investors should know.
Ford beat analysts’ revenue expectations by 6.5% last quarter, reporting revenues of $47.81 billion, up 6.3% year on year. It was a mixed quarter for the company, with a miss of analysts’ operating margin and EPS estimates.
Is Ford a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Ford’s revenue to decline 4.2% year on year to $41.95 billion, a reversal from the 11.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.47 per share.
Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing 3 upward revisions over the last 30 days (we track 7 analysts). Ford has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 7% on average.
Looking at Ford’s peers in the automobile manufacturers segment, some have already reported their Q3 results, giving us a hint as to what we can expect. General Motors delivered year-on-year revenue growth of 10.5%, beating analysts’ expectations by 9.9%, and Tesla reported revenues up 7.8%, falling short of estimates by 1%. General Motors traded up 8.2% following the results while Tesla was also up 22%.
Read our full analysis of General Motors’s results here and Tesla’s results here.
Investors in the automobile manufacturers segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Ford is up 5.2% during the same time and is heading into earnings with an average analyst price target of $12.67 (compared to the current share price of $11.11).
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