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Ford (F) Provides 2017 Preliminary Results & 2018 Outlook
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Ford Motor Company (F - Free Report) has come up with preliminary results for 2017 and guidance for the year 2018. The company has announced earnings per share of $1.95 for 2017, a rise of 80 cents from 2016. Also, the company has announced 2017 adjusted earnings per share of $1.78, up by 2 cents from 2016. For 2018, the company expects adjusted EPS to be in the range of $1.45–$1.70. Rise in commodity prices and adverse effect of exchange rate can be attributed to this unfavorable outlook.
The company also expects earnings of Ford Credit for 2018 to decrease because of higher interest rates. Prices of a few metals such as aluminum and steel are adversely affecting the company.
Also, only a couple of days ago, Ford announced that it is set to raise its planned investment in electric vehicles (EVs) to $11 billion by 2022. Moreover, the auto giant has plans of launching 40 hybrid and fully EVs by that time. The latest proposed investment amount is considerably higher than the previously committed $4.5 billion by 2020.
The company has outperformed the industry it belongs to over the last three months. Its shares have increased 8.8% compared with the industry’s growth of 1.6 %.
A few other top-ranked automobile stocks in the same space are Volkswagen AG , Allison Transmission Holdings, Inc. (ALSN - Free Report) and Lear Corporation (LEA - Free Report) , each carrying a Zacks Rank #2.
Volkswagen has a long-term growth rate of 12.9%. The company’s shares have gained 46.3% in the past 12 months.
Allison Transmission has a long-term growth rate of 10%. The company’s shares have gained 33% in the past 12 months.
Lear Corporation has a long-term growth rate of 7.1%. The company’s shares have gained 33.3% in the past 12 months.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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Ford (F) Provides 2017 Preliminary Results & 2018 Outlook
Ford Motor Company (F - Free Report) has come up with preliminary results for 2017 and guidance for the year 2018. The company has announced earnings per share of $1.95 for 2017, a rise of 80 cents from 2016. Also, the company has announced 2017 adjusted earnings per share of $1.78, up by 2 cents from 2016. For 2018, the company expects adjusted EPS to be in the range of $1.45–$1.70. Rise in commodity prices and adverse effect of exchange rate can be attributed to this unfavorable outlook.
The company also expects earnings of Ford Credit for 2018 to decrease because of higher interest rates. Prices of a few metals such as aluminum and steel are adversely affecting the company.
Also, only a couple of days ago, Ford announced that it is set to raise its planned investment in electric vehicles (EVs) to $11 billion by 2022. Moreover, the auto giant has plans of launching 40 hybrid and fully EVs by that time. The latest proposed investment amount is considerably higher than the previously committed $4.5 billion by 2020.
The company has outperformed the industry it belongs to over the last three months. Its shares have increased 8.8% compared with the industry’s growth of 1.6 %.
Ford carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
A few other top-ranked automobile stocks in the same space are Volkswagen AG , Allison Transmission Holdings, Inc. (ALSN - Free Report) and Lear Corporation (LEA - Free Report) , each carrying a Zacks Rank #2.
Volkswagen has a long-term growth rate of 12.9%. The company’s shares have gained 46.3% in the past 12 months.
Allison Transmission has a long-term growth rate of 10%. The company’s shares have gained 33% in the past 12 months.
Lear Corporation has a long-term growth rate of 7.1%. The company’s shares have gained 33.3% in the past 12 months.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>