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, the company is undergoing a challenging phase owing to product recalls. Frequent product recalls increase the company’s cost burden and adversely affect results.
We have highlighted some of the key stats from this just-revealed announcement below:
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Fiat Chrysler for the fourth quarter have decreased in the past 7 days.
The company delivered positive earnings surprises in three of the trailing four quarters with an average beat of around 53.74%.
Earnings
Fiat Chrysler’s earnings decreased to €0.353 (38 cents) per share in the fourth quarter of 2016, down about 49% from the year-ago quarter, missing the Zacks Consensus Estimate of 39 cents.
Revenues
Fiat Chrysler reported revenues of €29.7 billion ($31.9 billion), missing the Zacks Consensus Estimate of $32.48 billion. Revenues were 1% higher than €29.4 billion recorded in the year-ago quarter.
Key Stats/Developments to Note
Fiat Chrysler expects revenue in 2017 to be in the range of €115 billion to €120 ($123.4 billion to $128.8 billion). The company expects adjusted net profit to be over €3 billion ($3.2 billion).
Zacks Rank
Currently, Fiat Chrysler has a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released.
Market Reaction
Fiat Chrysler’s shares have been rising in pre-market trading following the release. Clearly, the initial reaction to the report is positive.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>
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 >>
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, the company is undergoing a challenging phase owing to product recalls. Frequent product recalls increase the company’s cost burden and adversely affect results.
We have highlighted some of the key stats from this just-revealed announcement below:
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Fiat Chrysler for the fourth quarter have decreased in the past 7 days.
The company delivered positive earnings surprises in three of the trailing four quarters with an average beat of around 53.74%.
Earnings
Fiat Chrysler’s earnings decreased to €0.353 (38 cents) per share in the fourth quarter of 2016, down about 49% from the year-ago quarter, missing the Zacks Consensus Estimate of 39 cents.
Revenues
Fiat Chrysler reported revenues of €29.7 billion ($31.9 billion), missing the Zacks Consensus Estimate of $32.48 billion. Revenues were 1% higher than €29.4 billion recorded in the year-ago quarter.
Key Stats/Developments to Note
Fiat Chrysler expects revenue in 2017 to be in the range of €115 billion to €120 ($123.4 billion to $128.8 billion). The company expects adjusted net profit to be over €3 billion ($3.2 billion).
Zacks Rank
Currently, Fiat Chrysler has a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released.
Market Reaction
Fiat Chrysler’s shares have been rising in pre-market trading following the release. Clearly, the initial reaction to the report is positive.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>
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 >>