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How Is Ford Stock Faring ahead of Its Q4 2018 Earnings Event?


Jan. 22 2019, Updated 1:22 p.m. ET

Ford’s fourth-quarter earnings

Ford Motor Company (F), the second-largest US automaker by 2018 vehicle sales volumes, is set to release its fourth-quarter earnings results on January 24. 

Before we explore what investors expect from the company’s upcoming earnings, let’s find out how its stock is faring leading up to its fourth-quarter earnings event.

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Negative stock movement

According to data by MarkLines Data Center, US auto sales rose 0.3% YoY (year-over-year) in 2018 to 17.27 million units after seeing a fall of 1.8% YoY in 2017.

The stocks of majority mainstream automakers (FXD) are trading on a positive note in January 2019. After a sharp sell-off in the fourth quarter of 2018, a handsome broader market recovery in January is helping automakers remain positive. Investors’ high expectations for automakers’ upcoming earnings could also be driving their stocks up.

As of January 18, the S&P 500 Index had risen 6.5% month-to-date. Automakers such as Ford, General Motors (GM), Fiat Chrysler Automobiles (FCAU), Toyota Motor (TM), NIO (NIO), and Ferrari (RACE) had outperformed the broader market and have risen ~12.2%, 15.4%, 16.0%, 8.0%, 5.3%, and 13.9%, respectively, as of the same date. In contrast, electric carmaker Tesla (TSLA) has underperformed the market with a 9.2% fall so far in January.

Series overview

In this series, we’ll explore analysts’ consensus estimates for Ford’s fourth-quarter earnings and key possible drivers of analysts’ expectations. Later in this series, we’ll find out what analysts recommend for the company’s stock ahead of its upcoming earnings results.

In the next article, we’ll do a quick recap of Ford’s third-quarter earnings and then move on to its fourth-quarter earnings estimates.


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