Ford’s 2Q17 report
Before we find out what investors should expect from Ford’s upcoming earnings, let’s explore how its stock has fared so far in July.
Ford’s July performance
The broader market (SPY) began July 2017 on a mixed note. The S&P 500 Index had risen 1.5% month-to-date as of July 18. Since the beginning of 2017, mainstream automakers’ stocks have faced the heat of softening US auto sales.
So far in July, Ford has outperformed the broader market just like its peers GM and Fiat Chrysler (FCAU). Ford stock had risen ~5.0% month-do-date as of July 18. At the same time, GM and FCAU had risen 4.3% and 13.1%, respectively, month-to-date.
Investors’ high expectations from Ford’s 2Q17 results due to its strong F-Series truck sales could be the key driver of its recent rise on Wall Street.
In this series, we’ll explore analysts’ estimates for Ford’s 2Q17 earnings. These estimates will also cover Ford’s 2Q17 revenue and margin estimates and analysts’ recommendations for its stock. Later, we’ll find out what other key announcements we can expect in the company’s upcoming earnings release.
In the next article, we’ll do a quick recap of Ford’s 1Q17 earnings, then we’ll move on to its 2Q17 earnings estimates.