During the latest trading session, Ford Motor Company (F) concluded at $13.28, marking a positive adjustment of +1.68% from its previous day’s close.
This change surpassed the S&P 500’s daily gain of 0.11%. Conversely, the Dow experienced a 0.12% increase, while the Nasdaq, focused on technology, saw a decrease of 0.12%.
Over the past month, the company’s stock has surged by 6.18%, outpacing the Auto-Tires-Trucks sector’s 0.13% gain and the S&P 500’s 3.55% increase.
With Ford Motor Company’s upcoming earnings disclosure on April 24, 2024, analysts and investors are keenly observing its performance.
It is anticipated that the company will report an EPS of $0.44, representing a 30.16% decline compared to the same quarter of the previous year.
Additionally, the latest consensus estimate projects revenue to reach $40.03 billion, reflecting a 2.42% increase from the year-ago quarter.
For the annual period, Zacks Consensus Estimates foresee earnings of $1.88 per share and revenue of $166.3 billion, indicating shifts of -6.47% and +0.19%, respectively, from the previous year.
Furthermore, it is crucial for investors to monitor recent adjustments to analyst estimates for Ford Motor Company, as these revisions reflect the evolving nature of near-term business trends.
Positive estimate revisions are typically interpreted as favorable indicators for the company’s business outlook.
Research has shown a direct correlation between these estimate revisions and forthcoming stock price performance. To leverage this insight, the Zacks Rank was developed, integrating these estimate changes to offer a practical rating system.
The Zacks Rank, ranging from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, with #1 stocks delivering an average annual return of +25% since 1988.
Over the past month, the Zacks Consensus EPS estimate for Ford Motor Company has increased by 0.04%. Presently, Ford Motor Company holds a Zacks Rank of #1 (Strong Buy).
