Automotive manufacturer Ford (NYSE: F) will be reporting results this Thursday after the bell. Here’s what to look for.
Ford beat analysts’ revenue expectations by 7.8% last quarter, reporting revenues of $50.18 billion, up 5% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates and a solid beat of analysts’ revenue estimates.
Is Ford a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Ford’s revenue to be flat year on year at $46.33 billion, slowing from the 5.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.36 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 only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 4.1% on average.
Looking at Ford’s peers in the industrials segment, some have already reported their Q3 results, giving us a hint as to what we can expect. General Motors posted flat year-on-year revenue, beating analysts’ expectations by 7.9%, and Vicor reported revenues up 18.5%, topping estimates by 15.7%.
Read our full analysis of General Motors’s results here and Vicor’s results here.
Investors in the industrials segment have had steady hands going into earnings, with share prices up 1.8% on average over the last month. Ford is up 7.7% during the same time and is heading into earnings with an average analyst price target of $11.50 (compared to the current share price of $12.56).
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