Ford (NYSE:F) is expected to report Q4 earnings before the market open on Friday, January 27 with a conference call scheduled for 9:00 am ET. Analysts are looking for EPS of 25c on revenue of $32.35B. The consensus range is 22c-29c for EPS, and $31.01B-$33.98B for revenue, according to First Call.
In early January, Ford reported December sales were up 10%. On January 10, Ford CEO Alan Mulally said that Q4 will show strong revenue growth but will be impacted by Thai floods, material costs and seasonality. Ford said it would post a Q4 loss in Asia Pacific region due to the Thailand floods.
Also a concern for the car-maker are the persistent economic problems in Europe that will likely be a negative for the the car-maker in Q4. On January 10, Citigroup reiterated its Buy rating on Ford shares, citing Ford management reconfirming Q4 guidance at the Detroit Auto Show. Citigroup has a $15 price target on shares.
Competitors to Watch: General Motors Company (NYSE:GM), Toyota Motor Corp. (NYSE:TM), HONDA MOTOR CO., LTD. (NYSE:HMC), Tesla Motors Inc (NASDAQ:TSLA), Navistar Intl. Corp. (NYSE:NAV) and Spartan Motors, Inc. (NASDAQ:SPAR).
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
To contact the reporter on this story: Derek Hoffman at firstname.lastname@example.org
To contact the editor responsible for this story: Damien Hoffman at email@example.com