Ford Stock Outperforms Market as Upcoming Earnings Estimate Revisions Predict Strong Profits
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Ford Motor Company (F) stock has outperformed the market recently, gaining 6.18% over the past month compared to 3.55% for the S&P 500.
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Ford is expected to report an EPS of $0.44 and revenue of $40.03 billion in its next quarterly earnings on April 24, 2024.
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For the full year, analysts estimate Ford will have EPS of $1.88 per share and revenue of $166.3 billion.
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Positive estimate revisions for Ford indicate analysts are bullish on its near-term business outlook.
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Ford stock currently has a Zacks Rank of #1 (Strong Buy) and is trading at an attractive valuation with a forward P/E of 6.93 compared to an industry average of 15.3.