Ford (F) closed the most recent trading day at $9.33, moving -1.27% from the previous trading session. This change lagged the S&P 500's 0.06% loss on the day. At the same time, the Dow lost 0.1%, and the tech-heavy Nasdaq lost 0.1%.
Prior to today's trading, shares of the automaker had gained 12.37% over the past month. This has outpaced the Auto-Tires-Trucks sector's gain of 4.17% and the S&P 500's gain of 4.3% in that time.
Wall Street will be looking for positivity from F as it approaches its next earnings report date. This is expected to be April 25, 2019. In that report, analysts expect F to post earnings of $0.26 per share. This would mark a year-over-year decline of 39.53%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $36.53 billion, down 6.36% from the year-ago period.
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 might also notice recent changes to analyst estimates for F. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. F is currently a Zacks Rank #3 (Hold).
In terms of valuation, F is currently trading at a Forward P/E ratio of 7.84. Its industry sports an average Forward P/E of 10.97, so we one might conclude that F is trading at a discount comparatively.
It is also worth noting that F currently has a PEG ratio of 0.86. 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. F's industry had an average PEG ratio of 1.3 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 220, putting it in the bottom 14% 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.
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