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Ford (F) Troubled by Asia Pacific and Europe Challenges
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We issued an updated research report on Ford Motor Company (F - Free Report) on Aug 20.
This Dearborn, MI-based auto giant is presently troubled with ongoing challenges in the China market. In fact, due to the problems faced by the company in the Asia Pacific and Europe regions, it has revised 2018 adjusted EPS expectation from $1.45-$1.70 to $1.30-$1.50.
Over the past year, shares of Ford have underperformed the industry it belongs to. Over this time frame, shares of the company have decreased 8%, whereas the industry declined by 2.5%. Also, the Zacks Consensus Estimate for both the current quarter and current year earnings has declined over the past month.
In second-quarter 2018, Ford reported adjusted earnings per share of 27 cents, missing the Zacks Consensus Estimate of 31 cents per share. Moreover, the bottom line was lower than the prior-year quarter figure of 56 cents per share. The results were impacted by challenges faced by the company in the China market and the North American production disruption.
In addition to these challenges, the auto giant also faced the problems of recalls, huge costs involved with the replacement of the older models with new ones and short-run pressure on expenses due to product launches.
Zacks Rank & Key Picks
Ford currently carries a Zacks Rank #5 (Strong Sell). A few better-ranked stocks in the auto space are Fox Factory Holding Corporation (FOXF - Free Report) , Honda Motor Co., Ltd. (HMC - Free Report) and AB Volvo (VLVLY - Free Report) . While Fox Factory sports a Zacks Rank #1 (Strong Buy), both Honda and Volvo carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Fox Factory has an expected long-term growth rate of 16.8%. Over a year, shares of the company have gained 68.2%.
Honda has an expected long-term growth rate of 3%. Shares of the company have risen 9.7% in the past year.
AB Volvo has an expected long-term growth rate of 15%. Over the past two years, shares of the company have gained 52.8%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Ford (F) Troubled by Asia Pacific and Europe Challenges
We issued an updated research report on Ford Motor Company (F - Free Report) on Aug 20.
This Dearborn, MI-based auto giant is presently troubled with ongoing challenges in the China market. In fact, due to the problems faced by the company in the Asia Pacific and Europe regions, it has revised 2018 adjusted EPS expectation from $1.45-$1.70 to $1.30-$1.50.
Over the past year, shares of Ford have underperformed the industry it belongs to. Over this time frame, shares of the company have decreased 8%, whereas the industry declined by 2.5%. Also, the Zacks Consensus Estimate for both the current quarter and current year earnings has declined over the past month.
In second-quarter 2018, Ford reported adjusted earnings per share of 27 cents, missing the Zacks Consensus Estimate of 31 cents per share. Moreover, the bottom line was lower than the prior-year quarter figure of 56 cents per share. The results were impacted by challenges faced by the company in the China market and the North American production disruption.
In addition to these challenges, the auto giant also faced the problems of recalls, huge costs involved with the replacement of the older models with new ones and short-run pressure on expenses due to product launches.
Zacks Rank & Key Picks
Ford currently carries a Zacks Rank #5 (Strong Sell). A few better-ranked stocks in the auto space are Fox Factory Holding Corporation (FOXF - Free Report) , Honda Motor Co., Ltd. (HMC - Free Report) and AB Volvo (VLVLY - Free Report) . While Fox Factory sports a Zacks Rank #1 (Strong Buy), both Honda and Volvo carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Fox Factory has an expected long-term growth rate of 16.8%. Over a year, shares of the company have gained 68.2%.
Honda has an expected long-term growth rate of 3%. Shares of the company have risen 9.7% in the past year.
AB Volvo has an expected long-term growth rate of 15%. Over the past two years, shares of the company have gained 52.8%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>