Fiat Chrysler Automobiles N.V. is an international automotive company. It designs, manufactures, distributes and sells vehicles, components and production systems. The company owns the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. Fiat Chrysler is benefiting from rising sales in the U.S. and Europe. The company intends to expand vehicle sales in key markets throughout the world. The company also focuses on maintaining cost efficiency.
However, the company is undergoing a challenging phase owing to product recalls. Frequent product recalls increase the company’s cost burden and adversely affect results.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings
Fiat Chrysler’s earnings increased to €0.474 (53 cents) per share in the third quarter of 2016, up about 238.6% from the year-ago quarter, beating the Zacks Consensus Estimate of 34 cents.
Revenues
Fiat Chrysler reported revenues of €26.8 billion ($29.9 billion), in line with the year ago quarter.
Key Stats/Developments to Note
Fiat Chrysler raised its full-year 2016 guidance due to strong year-to-date operating performance. The company expects revenue to be over €112 billion ($125 billion). The company raised its forecast for adjusted net profit to over €2.3 billion ($2.6 billion) from its previous expectation of more than €2 billion ($2.2 billion).
Zacks Rank
Currently, Fiat Chrysler has a Zacks Rank #5 (Strong Sell), but that could change following its earnings report which has just released.
Market Reaction
Fiat Chrysler’s shares have been falling in pre-market trading following the release. Clearly, the initial reaction to the report is negative.
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Fiat Chrysler's (FCAU) Q3 Earnings Beat Estimates, Guidance Raised
Fiat Chrysler Automobiles N.V. is an international automotive company. It designs, manufactures, distributes and sells vehicles, components and production systems. The company owns the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. Fiat Chrysler is benefiting from rising sales in the U.S. and Europe. The company intends to expand vehicle sales in key markets throughout the world. The company also focuses on maintaining cost efficiency.
However, the company is undergoing a challenging phase owing to product recalls. Frequent product recalls increase the company’s cost burden and adversely affect results.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings
Fiat Chrysler’s earnings increased to €0.474 (53 cents) per share in the third quarter of 2016, up about 238.6% from the year-ago quarter, beating the Zacks Consensus Estimate of 34 cents.
Revenues
Fiat Chrysler reported revenues of €26.8 billion ($29.9 billion), in line with the year ago quarter.
FIAT CHRYSLER Price and EPS Surprise
FIAT CHRYSLER Price and EPS Surprise | FIAT CHRYSLER Quote
Key Stats/Developments to Note
Fiat Chrysler raised its full-year 2016 guidance due to strong year-to-date operating performance. The company expects revenue to be over €112 billion ($125 billion). The company raised its forecast for adjusted net profit to over €2.3 billion ($2.6 billion) from its previous expectation of more than €2 billion ($2.2 billion).
Zacks Rank
Currently, Fiat Chrysler has a Zacks Rank #5 (Strong Sell), but that could change following its earnings report which has just released.
Market Reaction
Fiat Chrysler’s shares have been falling in pre-market trading following the release. Clearly, the initial reaction to the report is negative.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>