In the latest trading session, Ford (F - Free Report) closed at $9.28, marking a -1.28% move from the previous day. This move lagged the S&P 500's daily gain of 0.33%. At the same time, the Dow added 0.44%, and the tech-heavy Nasdaq gained 0.01%.
Coming into today, shares of the automaker had gained 1.29% in the past month. In that same time, the Auto-Tires-Trucks sector gained 5.54%, while the S&P 500 gained 0.89%.
Wall Street will be looking for positivity from F as it approaches its next earnings report date. This is expected to be January 23, 2019. The company is expected to report EPS of $0.33, down 15.38% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $36.25 billion, down 12.22% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.36 per share and revenue of $146.87 billion, which would represent changes of -23.6% and -1.12%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for F. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. The Zacks Consensus EPS estimate has moved 1.06% higher within the past month. F is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that F has a Forward P/E ratio of 6.93 right now. This valuation marks a discount compared to its industry's average Forward P/E of 10.23.
It is also worth noting that F currently has a PEG ratio of 1.31. 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. The Automotive - Domestic industry currently had an average PEG ratio of 1.31 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 11, which puts it in the top 4% 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.
To follow F in the coming trading sessions, be sure to utilize Zacks.com.