Stock Story -
Automotive manufacturer Ford (NYSE:F) will be announcing earnings results tomorrow after the bell. Here's what to expect.
Ford beat analysts' revenue expectations by 3.1% last quarter, reporting revenues of $42.78 billion, up 3.1% year on year. It was a mixed quarter for the company, with a solid beat of analysts' earnings estimates but a miss of analysts' volume estimates.
Is Ford a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Ford's revenue to be flat year on year at $44.88 billion, slowing from the 11.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.68 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Ford has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 8% on average.
Looking at Ford's peers in the industrials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Winnebago's revenues decreased 12.7% year on year, missing analysts' expectations by 1.5%, and Badger Meter reported revenues up 23.2%, topping estimates by 6.5%. Winnebago traded down 4.9% following the results while Badger Meter was up 3.7%.
Read the full analysis of Winnebago's and Badger Meter's results on StockStory.
There has been positive sentiment among investors in the industrials segment, with share prices up 6.5% on average over the last month. Ford is up 15.3% during the same time and is heading into earnings with an average analyst price target of $14.3 (compared to the current share price of $14.1).
