Ford Motor Company Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 60 cents per share, a decline of 4.8% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved up, but has dropped from 61 cents during the last month. For the year, analysts are projecting net income of $1.87 per share, a decline of 4.6% from last year.
Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported profit of 62 cents per share against a mean estimate of net income of 50 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by 19 cents.
Wall St. Revenue Expectations: On average, analysts predict $31.57 billion in revenue this quarter, a rise of 9.6% from the year ago quarter. Analysts are forecasting total revenue of $125.81 billion for the year, a rise of 13.1% from last year’s revenue of $111.2 billion.
Analyst Ratings: nine out of 15 analysts surveyed (60%) have a buy rating on Ford Motor Company.. This is below the mean analyst rating of 10 competitors, which average 66.7% buy ratings.
A year-over-year revenue increase in the first quarter snaps a streak of two consecutive quarters of revenue declines. Revenue rose 4.9% in the first quarter and fell 8.5% in the fourth quarter of the last fiscal year and 3.2% in the third quarter of the last fiscal year.
The increase in profit in the first quarter comes after net income fell in the previous quarter. In the first quarter, net income rose 22.4% to $2.55 billion. In the fourth quarter of the last fiscal year, net income fell 78.6%.
Competitors to Watch: General Motors Company (NYSE:GM), Toyota Motor Corp. (NYSE:TM), Honda Motor CO., Ltd. (NYSE:HMC), AutoZone (NYSE:AZO), CarMax (NYSE:KMX), Tesla Motors Inc (NASDAQ:TSLA), Tata Motors Limited (NYSE:TTM), Spartan Motors (NASDAQ:SPAR) and Navistar Intl. Corp. (NYSE:NAV).
Stock Price Performance: During April 25, 2011 to July 20, 2011, the stock price had fallen $2.46 (-15.8%) from $15.54 to $13.08. The stock price saw one of its best stretches over the last year between December 30, 2010 and January 10, 2011 when shares rose for eight-straight days, rising 9.7% (+$1.62) over that span. It saw one of its worst periods between April 26, 2011 and May 5, 2011 when shares fell for eight-straight days, falling 3.7% (-58 cents) over that span. Shares are down $3.71 (-22.1%) year to date.
(Source: Xignite Financials)
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