Automotive manufacturer Ford (NYSE: F) will be reporting results this Wednesday afternoon. Here’s what to look for.
Ford beat analysts’ revenue expectations last quarter, reporting revenues of $45.89 billion, down 4.8% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but a significant miss of analysts’ adjusted operating income estimates.
Is Ford a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Ford’s revenue to grow 2.6% year on year, a reversal from the 5% decrease it recorded in the same quarter last year.
Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing in majority upward revisions over the last 30 days. Ford rarely misses Wall Street’s revenue estimates.
Looking at Ford’s peers in the automobile manufacturing segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Autoliv delivered year-on-year revenue growth of 6.8%, beating analysts’ expectations by 4.8%, and Mobileye reported revenues up 27.4%, topping estimates by 7.8%. Autoliv traded up 9% following the results while Mobileye was also up 16.8%.
Read our full analysis of Autoliv’s results here and Mobileye’s results here.
There has been positive sentiment among investors in the automobile manufacturing segment, with share prices up 15.1% on average over the last month. Ford is up 11.7% during the same time and is heading into earnings with an average analyst price target of $13.78 (compared to the current share price of $12.52).
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