Ford Motor Company Earnings: 3 Things to Watch
Ford Motor Company (NYSE: F) will report its second-quarter earnings result before the U.S. markets open on Oct. 26. Here's a quick preview, along with a look at three things to watch, as Ford's earnings report unfolds on Thursday morning.
Wall Street thinks that Ford's third-quarter earnings will be up, but its revenue will be lower than its year-ago result. In the third quarter of 2016, Ford earned $0.26 per share (excluding special items) on revenue of $35.9 billion. This time around, Wall Street analysts polled by Thomson Reuters expect Ford's earnings, again excluding any special items, to come in at $0.33 per share, on average, with revenue of $32.84 billion.
Strong sales of high-profit F-Series pickups were a bright spot for Ford in the third quarter. Image source: Ford Motor Company.
Source: Fool.com
Ford Motor Co. Stock
We see a rather positive sentiment for Ford Motor Co. with 13 Buy predictions and 2 Sell predictions.
With a target price of 14 € there is a positive potential of 24.2% for Ford Motor Co. compared to the current price of 11.27 €.
