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Ford Motor Company (F) Dips More Than Broader Markets: What You Should Know
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Ford Motor Company (F - Free Report) closed at $11.54 in the latest trading session, marking a -1.95% move from the prior day. This move lagged the S&P 500's daily loss of 0.38%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 10.47%.
Prior to today's trading, shares of the company had gained 1.47% over the past month. This has outpaced the Auto-Tires-Trucks sector's loss of 2.81% and lagged the S&P 500's gain of 2.61% in that time.
Ford Motor Company will be looking to display strength as it nears its next earnings release, which is expected to be May 2, 2023. On that day, Ford Motor Company is projected to report earnings of $0.37 per share, which would represent a year-over-year decline of 2.63%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $36.4 billion, up 13.35% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.51 per share and revenue of $150.91 billion, which would represent changes of -19.68% and +1.27%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Ford Motor Company. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.48% higher. Ford Motor Company is currently a Zacks Rank #3 (Hold).
In terms of valuation, Ford Motor Company is currently trading at a Forward P/E ratio of 7.8. This valuation marks a discount compared to its industry's average Forward P/E of 10.89.
Meanwhile, F's PEG ratio is currently 1.5. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Automotive - Domestic industry currently had an average PEG ratio of 1.43 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 106, putting it in the top 43% of all 250+ industries.
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) Dips More Than Broader Markets: What You Should Know
Ford Motor Company (F - Free Report) closed at $11.54 in the latest trading session, marking a -1.95% move from the prior day. This move lagged the S&P 500's daily loss of 0.38%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 10.47%.
Prior to today's trading, shares of the company had gained 1.47% over the past month. This has outpaced the Auto-Tires-Trucks sector's loss of 2.81% and lagged the S&P 500's gain of 2.61% in that time.
Ford Motor Company will be looking to display strength as it nears its next earnings release, which is expected to be May 2, 2023. On that day, Ford Motor Company is projected to report earnings of $0.37 per share, which would represent a year-over-year decline of 2.63%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $36.4 billion, up 13.35% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.51 per share and revenue of $150.91 billion, which would represent changes of -19.68% and +1.27%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Ford Motor Company. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.48% higher. Ford Motor Company is currently a Zacks Rank #3 (Hold).
In terms of valuation, Ford Motor Company is currently trading at a Forward P/E ratio of 7.8. This valuation marks a discount compared to its industry's average Forward P/E of 10.89.
Meanwhile, F's PEG ratio is currently 1.5. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Automotive - Domestic industry currently had an average PEG ratio of 1.43 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 106, putting it in the top 43% of all 250+ industries.
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.