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How Is Ford’s Stock Trading after Q1 2018 Earnings?

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Ford stock

In April 2018, Ford Motor Company released its Q1 2018 earnings, which rose 7.5% YoY (year-over-year) and beat Wall Street analysts’ estimates. The company also reported positive YoY growth in its net profit, which kept investors’ optimism alive. Since its earnings release, its stock has risen 2.6% so far as of May 16. Before we look at Ford’s year-to-date US sales data in detail, let’s take a quick look at its stock performance in 2018 so far.

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Peer comparison

In the first quarter, Ford’s stock traded on a negative note amid broader market weakness. The company fell by about 10.3%, while the S&P 500 Index lost 1.2% in the first quarter. At the same time, other US automakers (FXD) General Motors (GM) and Tesla (TSLA) fell 11.3% and 14.5%, respectively. In contrast, Italian-American auto giant Fiat Chrysler (FCAU) and Ferrari (RACE) continued their bullish movement, and both companies gained 15% in Q1. FCAU and RACE were the auto sector’s top two gainers in 2017. Last year, Fiat and Ferrari impressed investors with solid positive returns of 96.4% and 80.3%, respectively.

In the second quarter so far, the majority of auto stocks have witnessed positive movement. As of May 16, Ford, GM, and FCAU were up 2.9%, 4.7%, and 8.6% sequentially against 3.1% gains in the S&P 500 benchmark so far. Auto companies’ better-than-expected Q1 2018 earnings could be one of the key reasons why auto stocks are outperforming the broader market in the second quarter.

Now, let’s move on by looking at Ford’s US auto sales in 2018 so far.

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