Ford Motor Company Exceeds Target Returns As Stock Shows Gain at Closing

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.

(Credits: Ford)

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.

(Credits: Ford)

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).

Josh Alba
Josh Alba
Josh Alba stands at the forefront of contemporary business journalism, his words weaving narratives that illuminate the intricate workings of the corporate world. With a keen eye for detail and a penchant for uncovering the underlying stories behind financial trends, Josh has established himself as a trusted authority in business writing. Drawing from his wealth of experience and relentless pursuit of truth, Josh delivers insights that resonate with readers across industries.
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