Fiat Chrysler’s 4Q17 earnings
According to 2017 US sales data, GM, Ford, and Toyota were the first-, second-, and third-largest automakers in the US market, respectively. FCAU stood in fourth place. Now let’s find out what Wall Street analysts expect for Fiat Chrysler’s 4Q17 revenue.
4Q17 revenue estimates
Analysts expect Fiat Chrysler’s 4Q17 revenue to be ~30.7 billion euros, or ~$37.5 billion. This figure would be ~3.2% higher than in its revenue of 29.7 billion euros, or $36.4 billion, in 4Q16.
Stable retail sales in the United States (IYK) along with recovering sales in Latin America and Europe could boost FCAU’s fourth-quarter revenue, which could be the key reason why analysts are expecting an increase in its 4Q17 revenue.
In the first 11 months of 2017, Fiat Chrysler’s European sales rose over 6.9% YoY (year-over-year).
Existing revenue trend
In 3Q17, Fiat Chrysler reported revenue of 26.4 billion euros, or $31.2 billion. With this, the company’s revenue fell 1.6% compared to the same quarter of the previous year. During the third quarter, FCAU’s consolidated shipments fell 1% YoY. The company attributed this weakness to its strategy to reduce its fleet sales in the NAFTA (North American Free Trade Agreement) segment.
Read on to the next article to learn about what to expect from Fiat Chrysler’s 4Q17 profit margins.