Ford CEO Jim Farley has fallen in love with an electric vehicle, and it's not made by his company.
24/7 Wall St. Insights In the upcoming report from Ford Motor Co.
Evaluate the expected performance of Ford Motor (F) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
A strong Q3 earnings report on October 28, 2024, could trigger a breakout, driven by strong delivery accomplishments and a potential EPS beat. Ford's raised its full-year FCF guidance in Q2 which I expect the company to confirm. Solid Q3 EV sales, especially with regard to the Lightning F-150, signal strong earnings potential. Ford's Q3 EPS estimates have seen 10 upward revisions in the last 90 days, indicating a favorable revision trend.
Ford's stock has experienced significant volatility, rallying 176% post-pandemic before reversing and losing 63.32% by August 2024. Despite earnings weaknesses, F's auto revenues beat estimates, and management raised free cash flow guidance, supporting its attractive 7.17% dividend yield. Ford's valuation metrics are historically low, with a forward price-sales ratio of 0.246x and a forward price-earnings ratio of 5.858x, suggesting potential upside.
Ford F is slated to release third-quarter 2024 results on Oct. 28, after market close. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and automotive revenues is pegged at 49 cents per share and $41.2 billion, respectively.
Ford will soon report its Q3 earnings, and investors wonder what the numbers will look like. Ford's Q3 sales report looked promising in terms of volumes. However, the macroeconomic environment is deteriorating and Ford's profitability is under pressure.
Auto company earnings are coming. Investor sentiment isn't great right now.
Ford Motor (F) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Key Points Ford Stock has consistently lagged the broad market, and other automakers for decades.
Ford stock has underperformed the S&P 500 and General Motors stock as investors have become more skeptical about its EV strategy. Ford's EV strategy is under intense scrutiny amid a competitive market, and there are concerns about its ability to sustain growth and profitability. F has solid dip-buying support above the $9 level, potentially attracting more income investors to return.
24/7 Wall St. Insights Ford Motor Co. (NYSE: F) stock has far underperformed competitors and the broad market in the past two years.