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Ford Fell More than 2% before Its Q4 Earnings Release Today


Jan. 23 2019, Updated 5:18 p.m. ET

Ford Motor Company

America’s second-largest automaker, Ford (F), is set to release its fourth quarter of 2018 earnings after the market closes today. The stock is trading on a bearish note. It posted a low for the day of $8.28, down about 2.6% from yesterday’s closing price.

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Analysts estimates

According to the latest consensus estimates from Wall Street analysts surveyed by Thomson Reuters, Ford is expected to report fourth-quarter revenue of $36.88 billion, down about 4.2% YoY (year-over-year). Analysts’ estimates suggest that Ford’s full-year 2018 revenue could increase 0.6% YoY to $146.56. These estimates were worse than the company’s preliminary 2018 results, when the company suggested that its global revenue might increase 2.0% YoY.

Analysts’ latest estimates suggest that Ford’s adjusted EPS are likely to drop 25.7% YoY in 2018 to $1.32—still better than the companies preliminary 2018 EPS of $1.30.

Broader-market weakness

The key US indexes started Wednesday’s trading session on a positive note due to positive earnings from companies like Procter & Gamble (PG) and IBM (IBM). However, by the afternoon, the broader market turned mixed to slightly negative. At 2:13 PM ET, the S&P 500 Index (SPY) was trading without any major changes from its previous day’s closing price. At the same time, Ford, General Motors (GM), Fiat Chrysler (FCAU), Tesla (TSLA), Toyota (TM), Honda (HMC), and Ferrari (RACE) were trading with 1.1%, 1.4%, 4.1%, 1.0%, 0.9%, and 1.4% losses for the day, respectively.


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