Automotive manufacturer Ford (NYSE:F) will be reporting results tomorrow after market hours. Here’s what to expect.
Ford beat analysts’ revenue expectations by 3.4% last quarter, reporting revenues of $46.2 billion, up 5.5% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EPS estimates but a miss of analysts’ adjusted operating income estimates.
Is Ford a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Ford’s revenue to be flat year on year at $45.68 billion, slowing from the 4.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.32 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Ford has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Ford’s peers in the industrials segment, some have already reported their Q4 results, giving us a hint as to what we can expect. General Motors delivered year-on-year revenue growth of 11%, beating analysts’ expectations by 8%, and Tesla reported revenues up 2.1%, falling short of estimates by 6%. General Motors traded down 9.6% following the results while Tesla was up 3.2%.
Read our full analysis of General Motors’s results here and Tesla’s results here.
Investors in the industrials segment have had steady hands going into earnings, with share prices flat over the last month. Ford’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $11.68 (compared to the current share price of $9.98).
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