Ford Motor Company (NYSE:F) automobile manufacturer, is reporting third quarter earnings results on Wednesday 28th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.16 per share.
For the full year, analysts predict revenues of $ 114783.00 million, while looking forward to loss of $ 0.59 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 0.94 ~ $ 1.20 per share
Click Here For More Historical Outlooks Of Ford Motor Company
Previous Quarter Performance
Ford Motor Company revealed loss for the second quarter of $ 0.35 per share, from the revenue of $ 16,622.00 million. The quarterly revenues contracted 53.52 percent compared with the same quarter last year. Street analysts expected Ford Motor Company to report loss of $ 1.17 per share on revenue of $ 15948.60 million for the second quarter. The bottom line results beat street analysts by $ 0.82 or 70.09 percent, at the same time, top line results outshined analysts by $ 673.40 million or 4.22 percent.
Stock Performance
Shares of Ford Motor Company traded low $ -0.11 or -1.37 percent on Tuesday, reaching $ 7.92 with volume of 63.10 million shares. Ford Motor Company has traded high as $ 8.09 and has cracked $ 7.90 on the downward trend
According to the previous trading day, closing price of $ 7.92, representing a 102.78 % increase from the 52 week low of $ 3.96 and a 16.09 % decrease over the 52 week high of $ 9.57.
The company has a market capital of $ 31.51 billion and is part of the Consumer Cyclical sector and Auto Manufacturers industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by Goldman Sachs Group at Neutral rating, with $ 8.00 target price.
- On 13th October 2020, maintained by Deutsche Bank at Hold rating, with $ 9.00 target price.
- On 12th October 2020, upgraded by Benchmark to Buy from Hold rating.
- On 8th September 2020, upgraded by Evercore ISI to In-Line from Underperform rating.
Conference Call
Ford Motor Company will be hosting a conference call at 5:00 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ford.com
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
