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Ford Motor Company (F) Gains As Market Dips: What You Should Know
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Ford Motor Company (F - Free Report) closed the most recent trading day at $12.45, moving +1.88% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.57%. Meanwhile, the Dow lost 0.05%, and the Nasdaq, a tech-heavy index, lost 1.04%.
Prior to today's trading, shares of the company had gained 0.16% over the past month. This has lagged the Auto-Tires-Trucks sector's gain of 5.71% and the S&P 500's gain of 0.64% in that time.
Wall Street will be looking for positivity from Ford Motor Company as it approaches its next earnings report date. On that day, Ford Motor Company is projected to report earnings of $0.40 per share, which would represent year-over-year growth of 33.33%. Our most recent consensus estimate is calling for quarterly revenue of $37.83 billion, up 1.7% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.11 per share and revenue of $160.21 billion. These totals would mark changes of +12.23% and +7.52%, respectively, from last year.
Any recent changes to analyst estimates for Ford Motor Company should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. 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 5.8. For comparison, its industry has an average Forward P/E of 10.11, which means Ford Motor Company is trading at a discount to the group.
It is also worth noting that F currently has a PEG ratio of 0.83. 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. Automotive - Domestic stocks are, on average, holding a PEG ratio of 1.21 based on yesterday's closing prices.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 34% 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.
To follow F in the coming trading sessions, be sure to utilize Zacks.com.
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Ford Motor Company (F) Gains As Market Dips: What You Should Know
Ford Motor Company (F - Free Report) closed the most recent trading day at $12.45, moving +1.88% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.57%. Meanwhile, the Dow lost 0.05%, and the Nasdaq, a tech-heavy index, lost 1.04%.
Prior to today's trading, shares of the company had gained 0.16% over the past month. This has lagged the Auto-Tires-Trucks sector's gain of 5.71% and the S&P 500's gain of 0.64% in that time.
Wall Street will be looking for positivity from Ford Motor Company as it approaches its next earnings report date. On that day, Ford Motor Company is projected to report earnings of $0.40 per share, which would represent year-over-year growth of 33.33%. Our most recent consensus estimate is calling for quarterly revenue of $37.83 billion, up 1.7% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.11 per share and revenue of $160.21 billion. These totals would mark changes of +12.23% and +7.52%, respectively, from last year.
Any recent changes to analyst estimates for Ford Motor Company should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. 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 5.8. For comparison, its industry has an average Forward P/E of 10.11, which means Ford Motor Company is trading at a discount to the group.
It is also worth noting that F currently has a PEG ratio of 0.83. 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. Automotive - Domestic stocks are, on average, holding a PEG ratio of 1.21 based on yesterday's closing prices.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 34% 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.
To follow F in the coming trading sessions, be sure to utilize Zacks.com.