Ford (F) closed the most recent trading day at $8.54, moving -1.73% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.9%. Elsewhere, the Dow lost 1.77%, while the tech-heavy Nasdaq lost 2.5%.
Heading into today, shares of the automaker had lost 0.23% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 1.86% and lagging the S&P 500's gain of 3.04% in that time.
Investors will be hoping for strength from F as it approaches its next earnings release. The company is expected to report EPS of $0.26, down 39.53% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $36.53 billion, down 6.36% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.21 per share and revenue of $145.65 billion. These totals would mark changes of -6.92% and -1.78%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for F. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. F is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, F is currently trading at a Forward P/E ratio of 7.21. This valuation marks a discount compared to its industry's average Forward P/E of 10.38.
We can also see that F currently has a PEG ratio of 0.79. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Automotive - Domestic was holding an average PEG ratio of 1.12 at yesterday's closing price.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 48, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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