Shares of Ford (
) are hanging in negative territory ahead of its fourth-quarter
earnings report, expected out Friday morning before the market
The Street is looking for Ford to report earnings of 25 cents per
share and revenue of $32.35 billion. Should Ford come in-line with
views, it would be a drop of 17 percent from the same period last
Shares gained 11.3 percent in the quarter to $10.76 at the end of
December. The stock is up 18.3 percent since the end of the
quarter. Shares fell 36 percent over 2011.
Data from Bloomberg has 15 analysts with a Buy, seven at Hold, and
none with a Sell rating. The Street's price target average is $16,
with a low of $14 and high of $17. By comparison, over the last
52-week Ford has traded within a range of $9.05 to $18.88.
Deutsche Bank is modeling for earnings of 24 cents per share.
Typically, Ford's fourth-quarter numbers are noisy with higher
fixed-costs and incentive accruals. For this year, results will see
some impact from the UAW signing bonus of $280 million total.
Looking ahead, Deutsche commented, "We believe that 2012 sets up
very well for Ford; particularly in North America. While our
forecast incorporates somewhat lower global and NA margins on a
year-over-year basis, we would not be surprised if Ford's official
guidance implies flat-to-up margins globally...Additionally, vs.
our current estimate of $5.8 billion of North American EBIT, we see
the potential for significant SAAR and pricing upside (we're at 13
million U.S. SAAR; every 1 million units upside vs. our forecast
should add $1.3 billion to earnings; we also conservatively
forecast $500 million of negative pricing, despite Ford's
relatively strong product cadence in 2012)."
Stay tuned to StreetInsider.com's
section to see our analysis of the highly-anticipated quarterly
results within seconds of their release. You can also check out
Ford's past performance at Streetinsider's
Ford's Income Statement