Why Ford Motor Company (F) Outpaced the Stock Market Today

In the latest trading session, Ford Motor Company (F) closed at $11.94, marking a +1.96% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.25%. At the same time, the Dow added 0.1%, and the tech-heavy Nasdaq gained 0.47%.

Coming into today, shares of the company had lost 17.07% in the past month. In that same time, the Auto-Tires-Trucks sector lost 8.15%, while the S&P 500 lost 1.88%.

Analysts and investors alike will be keeping a close eye on the performance of Ford Motor Company in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.22, reflecting a 57.14% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $39.56 billion, up 5.71% from the year-ago period.

For the full year, the Zacks Consensus Estimates project earnings of $1.52 per share and a revenue of $175.03 billion, demonstrating changes of +39.45% and +0.57%, respectively, from the preceding year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Ford Motor Company. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.46% increase. Ford Motor Company is currently a Zacks Rank #3 (Hold).

Looking at valuation, Ford Motor Company is presently trading at a Forward P/E ratio of 7.69. This signifies a discount in comparison to the average Forward P/E of 15.15 for its industry.

It's also important to note that F currently trades at a PEG ratio of 0.27. 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 0.97 as of yesterday's close.

The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 153, which puts it in the bottom 38% 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.

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This article originally published on Zacks Investment Research (zacks.com).

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