Ford Motor Company F will announce results for the second quarter of 2019 on Jul 24. In the last reported quarter, this carmaker’s earnings and revenues surpassed the Zacks Consensus Estimate.
Over the past three months, shares of Ford have outperformed the industry it belongs to. During that period, the stock has gained 8% in comparison with the industry’s 0.4% growth.
The U.S. auto manufacturer reported a plunge in vehicle sales in the United States in second-quarter 2019. During the quarter, Ford announced a 4.1% year-over-year decline in units sold in the United States. However, sales of the company’s truck models remained strong, which was more than offset by weak passenger car sales and an overhaul of a factory, which manufactures a key SUV model.
Although the picture does not appear bright, the company’s range of trucks and SUVs, and newly launched vehicles, with favorable average transaction price, are likely to aid quarterly results.
Consumers’ shifting preference toward big and spacious vehicles augmented Ford’s truck and SUV sales. This encouraged the company to come up with a varied range of technically-enhanced and large interior vehicles. Further, the global drive toward clean-energy vehicles impelled this automaker to offer vehicles with non-combustion engines.
Ford Motor Company Price and EPS Surprise
Ford Motor Company price-eps-surprise | Ford Motor Company Quote
Earnings Schedules of Other Major Auto Companies
Among other automotive companies, General Motors Company GM and Allison Transmission Holdings, Inc. ALSN are scheduled to report second-quarter results on Aug 1, whereas Honda Motor Co., Ltd. HMC will report earnings on Aug 2.
All the above-mentioned stocks currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Long-term earnings growth rates for Honda, General Motors and Allison Transmission are 6.7%, 8.9% and 10%, respectively.
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