In 2016, Ferrari (RACE) outperformed legacy automakers and the broader market (SPY) on Wall Street with 21.1% returns.
According to analysts’ consensus data, 41% of analysts covering Honda Motor Company (HMC) gave it a “buy” recommendation on October 11.
Toyota Motor (TM) is the second largest auto manufacturer in the world after Volkswagen (VLKAY) according to 2016 global auto sales.
In the first three quarters of 2017, Fiat Chrysler stock (FCAU) nearly doubled with about 97.2% gains.
TSLA started the production of its much-awaited Model 3 in July, but its 3Q17 deliveries fell short of expectations.
According to the data compiled by Reuters as of October 11, about 35% of the 23 analysts covering Tesla (TSLA) gave its stock a “buy” recommendation.
According to data compiled by Reuters as of October 11, 25% of analysts covering Ford (F) stock have given it a “buy” recommendation.
In this series, we’ll look at Wall Street analysts’ recommendations for auto stocks before the auto industry’s 3Q17 earnings season begins.
Kimberly-Clark’s (KMB) 2H17 results are expected to benefit from new and updated products.
Kimberly-Clark’s (KMB) margins were impacted adversely by inflationary pressure on input costs last quarter.
Analysts estimate Kimberly-Clark (KMB) to post sales of $4.7 billion in 3Q17, up 1.4% YoY (year-over-year).
Kimberly-Clark (KMB) will report its 3Q17 earnings results on Monday, October 23.
As of October 11, 2017, Kimberly-Clark stock is up 3.3% on a YTD (year-to-date) basis.
As of October 11, 2017, Chipotle Mexican Grill (CMG) was trading at $311.49. Analysts are expecting CMG stock to reach $375.46 in the next 12 months.
As of October 11, 2017, Chipotle was trading a forward PE multiple of 31.3x compared to 34.8x before its 2Q17 earnings announcement.
In 3Q17, analysts are expecting Chipotle Mexican Grill (CMG) to post adjusted EPS (earnings per share) of $1.74, which represents a 120.3% rise from $0.79 in 3Q16.
In fiscal 3Q17, analysts are expecting Chipotle Mexican Grill’s (CMG) EBIT (earnings before interest and tax) margins to rise 7.4% from 0.90% in 3Q16.
For 3Q17, analysts are expecting Chipotle Mexican Grill (CMG) to post revenues of $1.15 billion, which represents a 10.7% rise from $1.04 billion in 3Q16.
Chipotle (CMG) is scheduled to announce its 3Q17 earnings after the market closes on October 24, 2017. As of October 11, 2017, Chipotle was trading at $311.49, a fall of 10.7% from 2Q17.
The auto sector’s (XLY) 3Q17 earnings season will begin with Harley-Davidson’s earnings event on October 17.