Ford Stock Outperforms Major Indexes as Automaker Poised for Mixed 2023 Despite Recent Gains
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Ford Motor Company (F) stock rose 1.76% on the latest trading day, exceeding the gains of the S&P 500, Dow, and Nasdaq.
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The stock has climbed 11.55% over the past month, outpacing its sector and the S&P 500.
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Ford is expected to report a 74.51% drop in Q4 2022 EPS versus last year to $0.13, on a 10.94% revenue decline.
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For full-year 2023, consensus forecasts call for a 1.06% dip in Ford's earnings per share but a 9.33% rise in revenue.
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Ford currently holds a Zacks Rank #3 (Hold) and trades at a forward P/E of 5.82, representing a discount versus its industry average P/E of 9.91.