Fiat Chrysler Automobiles N.V. (FCAU - Free Report) 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 United States and Europe. The company intends to expand vehicle sales in key markets throughout the world. The company also focuses on maintaining cost efficiency.
Estimate Trend & Surprise History
Investors should note that the Zacks Consensus Estimate for earnings estimate for Fiat Chrysler for the third quarter have going down over the 30 days.
The company delivered positive earnings surprises in three of the trailing four quarters with an average beat of around 23.6%.
We have highlighted some of the key stats from this just-revealed announcement below:
Fiat Chrysler’s earnings increased to €0.59 (70 cents) per share in the third quarter of 2017, up about 50.5% from the year-ago quarter, beating the Zacks Consensus Estimate of 54 cents.
Fiat Chrysler reported net revenues of €26.41 billion ($31.3 billion), lower than €26.85 billion recorded in the year-ago quarter.
Key Stats/Developments to Note
Fiat Chrysler reiterated its expectations for 2017. The company projects revenue in 2017 to be in the range of €115 billion to €120 billion. The company expects adjusted net profit to be over €3 billion.
Currently, Fiat Chrysler has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
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