Earnings Report: Will Ford Motor Company (F) Earnings Beat The Street?

Ford Motor Company (F), an Auto Manufacturers’ business, was a market gainer in the prior market session. Ford Motor Company (F) shares opened at $4.96 and closed the day at $5.24 with a momentum of +7.60%. The increased change in Ford Motor Company (F) beat the change in the NASDAQ, a tech-heavy index, for the day which gained +1.91% in prior market session.

Ford Motor Company (F) is focused on the Auto Manufacturers sector. This sector has seen some movement from day traders in recent trading sessions. Bullish day traders of Ford Motor Company (F) will be looking for positive upcoming earnings whereas bearish day traders of Ford Motor Company (F) will be looking for negative earnings. The last time Ford Motor Company (F) had an earnings surprise was on Qtr Ending 03/20 when they reported -$0.23 compared to an estimate of -$0.10 which was a difference of -$0.13 resulting in a change of -130.00%. Current earnings estimates are to be released for Current Qtr 06/2020 on Ford Motor Company (F) and out of 4 Wall Street estimates the average is saying -$1.30. The high estimate is saying -$1.20 whereas the low estimate is saying -$1.50 and the prior year Ford Motor Company (F) announced earnings at $0.32 a growth rate est. (year over year) of -506.25%.

The market performance of Ford Motor Company (F) has varied recently. Year to date Ford Motor Company (F)’s shares are down -43.66%. Over the past 12 weeks Ford Motor Company (F) is down -36.49% and over the last 4 weeks Ford Motor Company (F) is down -2.42%. Ford Motor Company (F) current income statement shows revenue (ttm) of $149.88B. Gross Profit is $12.88B. This puts the current EBITDA of Ford Motor Company (F) at $8.75B.

Wall street day traders might also notice recent changes to stock analyst estimates for Ford Motor Company (F). The stock is trading with an RSI (relative strength index) of 53.05 indicating Ford Motor Company (F) is neither overbought nor oversold. Technically, F’s short term support levels are around $1367.66, $1334.96 and $1286.57 on the downside. Fs short term resistance levels are $1526.69, $1493.59 and $1432.99 on the upside. The market cap of Ford Motor Company (F) is $20.84B and institutions hold 7.61% of the stock. The outstanding share count stands at 3.96B while the short float (shares short) stands at 4.15%.

Research shows that these earning estimate changes look to be directly correlated with short-term shares prices. The day traders can look to capitalize on the basis of ranking. Based on technical analysis, F has short term rating of Bullish (0.39), an Intermediate rating of Neutral (0.10), and a long-term rating of Bearish (-0.42) giving it an overall rating of Neutral (0.02).

The EPS growth this year on Ford Motor Company (F) is decreased -96.00% and is expected to increase 143.60% next year. However, quarterly earnings (EPS) growth year over year on Ford Motor Company (F) has decreased by -275.40% and quarterly revenue (Sales) growth year over year stands at -14.90%. Gross margin is detected at 5.70% that represents the percent of total sales revenue that the company retains after the direct cost of goods sold. Net profit margin (ttm) is -2.10% while return on equity (ttm) is -9.20%.

Recent Developments:

2020-05-07 – Ford To Begin Phased Production And Operations Restart In North America May 18.
2020-05-06 – Borgwarner Says Seneca Facility Resumed Some Production On May 4 – Conf Call.
2020-05-06 – Ford And 3M Shipping Powered Air-Purifying Respirators To Health Care Workers.
2020-04-29 – Ford Says It Believes Phased Restart Of Co’s Manufacturing Plants, Supply Network Is Probable Commencing In Q2 2020.
2020-04-28 – Ford Says It Is Delaying Start Of Autonomous Vehicle Commercial Services To 2022.

About Company:

Dearborn, MI-based Ford Motor Company designs, manufactures, markets, and services cars, trucks, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles. Apart from vehicles, the company provides financial services through Ford Motor Credit Company LLC (“Ford Credit”). It employs approximately 199,000 employees worldwide.

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