Posted 3/21/2024, 9:45:18 PM
Ford Stock Inches Up Despite Expected Earnings Drop
- Ford Motor Company (F) stock rose 0.16% on the day, underperforming the broader market
- Ford is expected to report earnings per share of $0.44 next quarter, a 30.16% drop year-over-year
- Full-year earnings and revenue estimates for Ford call for declines of 6.47% and growth of 0.19%, respectively
- Ford holds a Zacks Rank #2 (Buy) based on positive estimate revisions over the past 30 days
- At a forward P/E of 6.85, Ford trades at a discount to the industry average P/E of 14.93
