Ford (F - Free Report) closed at $9.21 in the latest trading session, marking a -0.97% move from the prior day. This change lagged the S&P 500's 0.61% loss on the day. Meanwhile, the Dow lost 0.72%, and the Nasdaq, a tech-heavy index, lost 0.56%.
Prior to today's trading, shares of the automaker had gained 8.01% over the past month. This has outpaced the Auto-Tires-Trucks sector's gain of 4.06% and the S&P 500's gain of 5.68% in that time.
F will be looking to display strength as it nears 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%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales 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.
It is also important to note the 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 remained stagnant within the past month. F is currently a Zacks Rank #3 (Hold).
Investors should also note F's current valuation metrics, including its Forward P/E ratio of 7.71. For comparison, its industry has an average Forward P/E of 10.73, which means F is trading at a discount to the group.
Meanwhile, F's PEG ratio is currently 0.85. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Automotive - Domestic was holding an average PEG ratio of 1.26 at yesterday's closing price.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 40% 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.