What to Look For in Ford’s Q4 Earnings Report
Ford is set to report its fourth-quarter financial results after the markets close on Wednesday, and top and bottom line numbers are expected to be lower than a year ago.
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Ford Motor Co. (NYSE: F | F Price Prediction) is set to report its fourth-quarter financial results after the markets close on Wednesday. The consensus estimates from Thomson Reuters call for $0.32 in earnings per share (EPS) and $37.01 billion in revenue. The same period of last year reportedly had $0.39 in EPS and $38.5 billion in revenue.
Earlier this month, the automaker announced an alliance with Volkswagen that may be the very definition of a nonevent. Investors certainly weren’t impressed.
At that time, Ford filed two reports with the U.S. Securities and Exchange Commission (SEC), one including a presentation made at the Wolfe Research industry conference and the other including preliminary financial results for 2018.
Looking at the second filing first, Ford said it expects full-year earnings per share (EPS) of $0.92 and adjusted EPS of $1.30. The consensus estimate for adjusted EPS was $1.33 at the time, still far below the $1.78 the company reported for 2017. The company also said it will pay its same dividend ($0.15 per quarter) for the first quarter of 2019.
At the most recent closing price, the yield on that dividend is 7.2%. The company has a total addressable market cap of nearly $34 billion.
Overall, Ford has outperformed the broad markets in 2019 alone, with the stock up about 12%. However, over the past 52 weeks the stock is down 28%.
A few analysts weighed in on Ford ahead of the results:
- Jefferies has a Buy rating with an $11 price target.
- BMO Capital Markets has a Hold rating and an $8.50 target.
- Barclays has a Hold rating with a $9 price target.
- Deutsche Bank has a Buy rating.
- Berenberg Bank has a Sell rating and a $6 target.
Shares of Ford were last seen at $8.55, with a 52-week range of $7.41 to $12.15. The stock has a consensus analyst price target of $9.99.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
