23 Apr

How Ford Stock Is Faring ahead of Q1 Earnings

WRITTEN BY John Parker

Ford’s Q1 2019 earnings

Ford Motor Company (F), the second-largest US automaker by 2018 vehicle sales volume, is set to release its first-quarter earnings report on April 25 after the market closes. Before we explore what investors can expect from the company’s upcoming earnings, let’s find out how Ford stock is faring before its first-quarter earnings event.

How Ford Stock Is Faring ahead of Q1 Earnings

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Positive stock movement

According to data by MarkLines Data Center, US auto sales rose by 0.3% YoY in 2018 to 17.27 million vehicle units. In contrast, the sales fell by 2.5% YoY in the first quarter of 2019 to 4.01 million units. In the first quarter, pickup truck and SUV sales went up by 0.6%, while small passenger car sales declined sharply by 8.7% YoY.

Nonetheless, the stocks of most mainstream automakers (XLY) have traded on a positive note in 2019. As of April 22, the S&P 500 Index has gone up by 16.0% YTD. US automakers Ford (F) and General Motors (GM) have outperformed the broader market with about 24.2% and 18.1% YTD gains, respectively. Fiat Chrysler (FCAU), Toyota (TM), and Honda (HMC) also have gone up by 14.2%, 7.0%, and 7.2%, respectively, in 2019 so far.

In April so far, Ford has risen 8.2% as compared to just 2.6% gains in the S&P 500 Index. Investors’ high hopes from the auto industry’s first-quarter earnings season, especially expectations of improved profit margins due to high pickup truck sales, could be helping auto stocks outperform the broader market lately.

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