Ford (F - Free Report) closed at $9.13 in the latest trading session, marking a +1.33% move from the prior day. This change outpaced the S&P 500's 0.22% gain on the day. Meanwhile, the Dow gained 0.15%, and the Nasdaq, a tech-heavy index, added 0.6%.
Coming into today, shares of the automaker had gained 2.74% in the past month. In that same time, the Auto-Tires-Trucks sector lost 1.44%, while the S&P 500 gained 2.39%.
Investors will be hoping for strength from F as it approaches its next earnings release. On that day, F is projected to report earnings of $0.26 per share, which would represent a year-over-year decline of 39.53%. Our most recent consensus estimate is calling for quarterly revenue of $36.53 billion, down 6.36% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.21 per share and revenue of $145.65 billion, which would represent changes of -6.92% and -1.78%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for F. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about 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.
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 remained stagnant. F currently has a Zacks Rank of #3 (Hold).
Investors should also note F's current valuation metrics, including its Forward P/E ratio of 7.47. This valuation marks a discount compared to its industry's average Forward P/E of 10.65.
Meanwhile, F's PEG ratio is currently 0.82. 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 group has a Zacks Industry Rank of 75, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.