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Ford Motor Company (F) Outpaces Stock Market Gains: What You Should Know
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Ford Motor Company (F - Free Report) closed at $15.23 in the latest trading session, marking a +1.06% move from the prior day. This change outpaced the S&P 500's 0.67% gain on the day. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 9.29%.
Coming into today, shares of the company had gained 9.36% in the past month. In that same time, the Auto-Tires-Trucks sector gained 24.67%, while the S&P 500 gained 2.65%.
Investors will be hoping for strength from Ford Motor Company as it approaches its next earnings release, which is expected to be July 27, 2023. On that day, Ford Motor Company is projected to report earnings of $0.48 per share, which would represent a year-over-year decline of 29.41%. Meanwhile, our latest consensus estimate is calling for revenue of $39.64 billion, up 4.57% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.78 per share and revenue of $158.65 billion. These totals would mark changes of -5.32% and +6.46%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Ford Motor Company. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.63% higher within the past month. Ford Motor Company currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Ford Motor Company currently has a Forward P/E ratio of 8.46. This valuation marks a discount compared to its industry's average Forward P/E of 11.44.
We can also see that F currently has a PEG ratio of 1.36. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Domestic was holding an average PEG ratio of 1.39 at yesterday's closing price.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 25, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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) Outpaces Stock Market Gains: What You Should Know
Ford Motor Company (F - Free Report) closed at $15.23 in the latest trading session, marking a +1.06% move from the prior day. This change outpaced the S&P 500's 0.67% gain on the day. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 9.29%.
Coming into today, shares of the company had gained 9.36% in the past month. In that same time, the Auto-Tires-Trucks sector gained 24.67%, while the S&P 500 gained 2.65%.
Investors will be hoping for strength from Ford Motor Company as it approaches its next earnings release, which is expected to be July 27, 2023. On that day, Ford Motor Company is projected to report earnings of $0.48 per share, which would represent a year-over-year decline of 29.41%. Meanwhile, our latest consensus estimate is calling for revenue of $39.64 billion, up 4.57% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.78 per share and revenue of $158.65 billion. These totals would mark changes of -5.32% and +6.46%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Ford Motor Company. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.63% higher within the past month. Ford Motor Company currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Ford Motor Company currently has a Forward P/E ratio of 8.46. This valuation marks a discount compared to its industry's average Forward P/E of 11.44.
We can also see that F currently has a PEG ratio of 1.36. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Domestic was holding an average PEG ratio of 1.39 at yesterday's closing price.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 25, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.