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Auto Stocks Reporting Earnings on Jan 26: F, FCAU, LEA & OSK
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Following a weak third quarter, the auto sector is expected to underperform this earnings season as well. While none of the auto companies have posted results so far, the sector’s earnings and revenues are projected to decline 23.5% and 0.2%, respectively, by the end of Q3, per the latest Earnings Preview. Meanwhile, total S&P 500 earnings and revenues are expected to increase 4.8% and 3.7% year over year, respectively.
Safety recalls and related costs have turned out to be a major issue for most automakers. Recall-related repair costs have increased their financial burden. The pressure to maintain attractive incentives and deals to boost volumes is also straining their margins and bottom line. Further, the adverse impact of foreign currency translation remains a headwind for many companies.
Meanwhile, strong sales growth in the key markets of U.S., China and Europe has been the primary driving factor for the auto sector in Q4. Also, low fuel prices helped the sales of higher margin vehicle segments, such as SUVs and light trucks. With all these factors in mind, let’s see what awaits these four auto stocks that are slated to release their results on Jan 26.
Ford Motor Co. (F - Free Report) has an Earnings ESP of 0.00% because the Most Accurate estimate and the Zacks Consensus Estimate both stand at 36 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The automaker managed to beat earnings in three of the trailing four quarters and missed in one, thus delivering a positive average surprise of 21.8% over this period. Ford carries a Zacks Rank #4 (Sell) (read more: F Quick QuoteF - Free Report) %20to%20Report%20Q4%20Earnings:%20Stock%20Likely%20to%20Disappoint?">Ford to Report Q4 Earnings: Disappointment in Store?).
Fiat Chrysler Automobiles N.V. has an Earnings ESP of 0.00% because both the Most Accurate estimate and the Zacks Consensus Estimate stand at 40 cents. It posted positive earnings surprises in the last three quarters. Fiat Chrysler carries a Zacks Rank #3 (Hold) (read more: Fiat Chrysler Q4 Earnings: Is a Surprise in the Cards?).
Fiat Chrysler Automobiles N.V. Price and EPS Surprise
Lear Corporation (LEA - Free Report) currently has an Earnings ESP of +1.47% as the Most Accurate estimate of $3.45 stands above the Zacks Consensus Estimate of $3.40. Lear Corp posted positive earnings surprises in each of the trailing four quarters, thus delivering a positive average surprise of 11.3% over this period. It carries a Zacks Rank #3.
Oshkosh Corporation (OSK - Free Report) currently has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate are both pegged at 11 cents. We note that Oshkoshposted positive earnings surprises in each of the trailing four quarters, thus delivering a positive average surprise of 132.06% over this period. The company carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
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Auto Stocks Reporting Earnings on Jan 26: F, FCAU, LEA & OSK
Following a weak third quarter, the auto sector is expected to underperform this earnings season as well. While none of the auto companies have posted results so far, the sector’s earnings and revenues are projected to decline 23.5% and 0.2%, respectively, by the end of Q3, per the latest Earnings Preview. Meanwhile, total S&P 500 earnings and revenues are expected to increase 4.8% and 3.7% year over year, respectively.
Safety recalls and related costs have turned out to be a major issue for most automakers. Recall-related repair costs have increased their financial burden. The pressure to maintain attractive incentives and deals to boost volumes is also straining their margins and bottom line. Further, the adverse impact of foreign currency translation remains a headwind for many companies.
Meanwhile, strong sales growth in the key markets of U.S., China and Europe has been the primary driving factor for the auto sector in Q4. Also, low fuel prices helped the sales of higher margin vehicle segments, such as SUVs and light trucks. With all these factors in mind, let’s see what awaits these four auto stocks that are slated to release their results on Jan 26.
Ford Motor Co. (F - Free Report) has an Earnings ESP of 0.00% because the Most Accurate estimate and the Zacks Consensus Estimate both stand at 36 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The automaker managed to beat earnings in three of the trailing four quarters and missed in one, thus delivering a positive average surprise of 21.8% over this period. Ford carries a Zacks Rank #4 (Sell) (read more: F Quick QuoteF - Free Report) %20to%20Report%20Q4%20Earnings:%20Stock%20Likely%20to%20Disappoint?">Ford to Report Q4 Earnings: Disappointment in Store?).
Ford Motor Company Price and EPS Surprise
Ford Motor Company Price and EPS Surprise | Ford Motor Company Quote
Fiat Chrysler Automobiles N.V. has an Earnings ESP of 0.00% because both the Most Accurate estimate and the Zacks Consensus Estimate stand at 40 cents. It posted positive earnings surprises in the last three quarters. Fiat Chrysler carries a Zacks Rank #3 (Hold) (read more: Fiat Chrysler Q4 Earnings: Is a Surprise in the Cards?).
Fiat Chrysler Automobiles N.V. Price and EPS Surprise
Fiat Chrysler Automobiles N.V. Price and EPS Surprise | Fiat Chrysler Automobiles N.V. Quote
Lear Corporation (LEA - Free Report) currently has an Earnings ESP of +1.47% as the Most Accurate estimate of $3.45 stands above the Zacks Consensus Estimate of $3.40. Lear Corp posted positive earnings surprises in each of the trailing four quarters, thus delivering a positive average surprise of 11.3% over this period. It carries a Zacks Rank #3.
Lear Corporation Price and EPS Surprise
Lear Corporation Price and EPS Surprise | Lear Corporation Quote
Oshkosh Corporation (OSK - Free Report) currently has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate are both pegged at 11 cents. We note that Oshkoshposted positive earnings surprises in each of the trailing four quarters, thus delivering a positive average surprise of 132.06% over this period. The company carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Oshkosh Corporation Price and EPS Surprise
Oshkosh Corporation Price and EPS Surprise | Oshkosh Corporation Quote
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>