Fiat Chrysler Automobiles N.V. is an international automotive company. It designs, manufactures, distributes and sells vehicles, components and production systems. The company owns the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. Fiat Chrysler is benefiting from rising sales in the U.S. and Europe. The company intends to expand vehicle sales in key markets throughout the world. The company also focuses on maintaining cost efficiency.
However, Fiat Chrysler is going through a challenging period due to product recalls and concerns related to its method of reporting U.S. sales.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings
Fiat Chrysler’s earnings increased to €0.448 (49 cents) per share in the second quarter of 2016 from €0.243 (27 cents) in the year-ago quarter, beating the Zacks Consensus Estimate of 41 cents.
Revenues
Fiat Chrysler reported revenues of €27.9 billion ($30.7 billion), down 2% year over year.
Key Stats/Developments to Note
For 2016, Fiat Chrysler expects revenue to increase over €112 billion ($123.1 billion). Adjusted net profit is expected to be higher than €2 billion ($2.2 billion).
Zacks Rank
Currently, Fiat Chrysler has a Zacks Rank #4 (Sell), but that could change following its earnings report which has just released.
Market Reaction
Fiat Chrysler’s shares have been falling in pre-market trading following the release. Clearly, the initial reaction to the report is negative.
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Fiat Chrysler Automobiles N.V. is an international automotive company. It designs, manufactures, distributes and sells vehicles, components and production systems. The company owns the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. Fiat Chrysler is benefiting from rising sales in the U.S. and Europe. The company intends to expand vehicle sales in key markets throughout the world. The company also focuses on maintaining cost efficiency.
However, Fiat Chrysler is going through a challenging period due to product recalls and concerns related to its method of reporting U.S. sales.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings
Fiat Chrysler’s earnings increased to €0.448 (49 cents) per share in the second quarter of 2016 from €0.243 (27 cents) in the year-ago quarter, beating the Zacks Consensus Estimate of 41 cents.
Revenues
Fiat Chrysler reported revenues of €27.9 billion ($30.7 billion), down 2% year over year.
Key Stats/Developments to Note
For 2016, Fiat Chrysler expects revenue to increase over €112 billion ($123.1 billion). Adjusted net profit is expected to be higher than €2 billion ($2.2 billion).
Zacks Rank
Currently, Fiat Chrysler has a Zacks Rank #4 (Sell), but that could change following its earnings report which has just released.
Market Reaction
Fiat Chrysler’s shares have been falling in pre-market trading following the release. Clearly, the initial reaction to the report is negative.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Zacks 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.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>