Ford (F - Free Report) closed the most recent trading day at $8.81, moving -0.11% from the previous trading session. This change was narrower than the S&P 500's 2.06% loss on the day. Elsewhere, the Dow lost 2.13%, while the tech-heavy Nasdaq lost 1.25%.
Coming into today, shares of the automaker had lost 5.57% in the past month. In that same time, the Auto-Tires-Trucks sector lost 10.57%, while the S&P 500 lost 3.01%.
Wall Street will be looking for positivity from F as it approaches its next earnings report date. This 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, our latest consensus estimate is calling for revenue of $34.49 billion, up 2.5% from the prior-year quarter.
F's full-year Zacks Consensus Estimates are calling for earnings of $1.34 per share and revenue of $146.08 billion. These results would represent year-over-year changes of -24.72% and -1.65%, respectively.
It is also important to note the recent changes to analyst estimates for F. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.9% lower. F is currently a Zacks Rank #4 (Sell).
Valuation is also important, so investors should note that F has a Forward P/E ratio of 6.58 right now. Its industry sports an average Forward P/E of 11.6, so we one might conclude that F is trading at a discount comparatively.
Also, we should mention that F has a PEG ratio of 1.24. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Automotive - Domestic stocks are, on average, holding a PEG ratio of 1.24 based on yesterday's closing prices.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 196, which puts it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.