Ford Motor Company (F - Free Report) shares soared 7.5% in the last trading session to close at $12.08. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 7.4% gain over the past four weeks.
Shares of the US legacy automaker jumped yesterday for the seventh consecutive trading session. While Ford’s fourth-quarter results are likely to get impacted due to UAW strike, investors are seemingly optimistic of the company’s long-term prospects thanks to robust BEV lineup, superior liquidity position and ambitious EV targets.
This company is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents a year-over-year change of -74.5%. Revenues are expected to be $37.23 billion, down 10.9% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Ford Motor Company, the consensus EPS estimate for the quarter has been revised 7.1% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on F going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Ford Motor Company is part of the Zacks Automotive - Domestic industry. General Motors Company (GM - Free Report) , another stock in the same industry, closed the last trading session 6.7% higher at $36.25. GM has returned 20.8% in the past month.
For General Motors Company, the consensus EPS estimate for the upcoming report has changed +53.7% over the past month to $1.06. This represents a change of -50% from what the company reported a year ago. General Motors Company currently has a Zacks Rank of #3 (Hold).
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
Ford Motor Company (F - Free Report) shares soared 7.5% in the last trading session to close at $12.08. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 7.4% gain over the past four weeks.
Shares of the US legacy automaker jumped yesterday for the seventh consecutive trading session. While Ford’s fourth-quarter results are likely to get impacted due to UAW strike, investors are seemingly optimistic of the company’s long-term prospects thanks to robust BEV lineup, superior liquidity position and ambitious EV targets.
This company is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents a year-over-year change of -74.5%. Revenues are expected to be $37.23 billion, down 10.9% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Ford Motor Company, the consensus EPS estimate for the quarter has been revised 7.1% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on F going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Ford Motor Company is part of the Zacks Automotive - Domestic industry. General Motors Company (GM - Free Report) , another stock in the same industry, closed the last trading session 6.7% higher at $36.25. GM has returned 20.8% in the past month.
For General Motors Company, the consensus EPS estimate for the upcoming report has changed +53.7% over the past month to $1.06. This represents a change of -50% from what the company reported a year ago. General Motors Company currently has a Zacks Rank of #3 (Hold).
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
Get the latest research report on F - FREE
Get the latest research report on GM - FREE