Ford (F - Free Report) closed the most recent trading day at $9.12, moving -0.16% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.55%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 1.16%.
Prior to today's trading, shares of the automaker had lost 2.97% over the past month. This has lagged the Auto-Tires-Trucks sector's loss of 1.07% and the S&P 500's gain of 0.37% in that time.
F will be looking to display strength as it nears its next earnings release, which is expected to be October 24, 2018. In that report, analysts expect F to post earnings of $0.33 per share. This would mark a year-over-year decline of 23.26%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $34.49 billion, up 2.5% from the year-ago period.
F's full-year Zacks Consensus Estimates are calling for earnings of $1.38 per share and revenue of $146.35 billion. These results would represent year-over-year changes of -22.47% and -1.47%, respectively.
Investors should also note any recent changes to analyst estimates for F. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. F is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note F's current valuation metrics, including its Forward P/E ratio of 6.62. This represents a discount compared to its industry's average Forward P/E of 12.51.
We can also see that F currently has a PEG ratio of 1.25. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Automotive - Domestic stocks are, on average, holding a PEG ratio of 1.25 based on yesterday's closing prices.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 177, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.