Q2 Preview: Ford (F) Investors Eye Europe, Hope N. America Bolsters Numbers

Article Stock Quotes (1) Comments (0)

U.S. auto giant Ford Motor Co. (NYSE: F) is slated to report second-quarter 2012 results ahead of the opening of U.S. markets tomorrow, July 25th. Shares closed 1.2 percent lower on Tuesday.

Ford will hold a webcast at 9am EDT Wednesday. To go to the official site, click here.

Currently, the Street is looking for earnings consolidation of 57 percent from last year, to 28 cents per share. Revenue is expected to fall just over nine percent to $32.17 billion.

Estimize consensus numbers call for earnings of 33 cents per share and sales of $32.39 billion.

Traders might want to heed a little caution. Reports earlier Tuesday had Ford expecting pressure from Europe and overseas markets, which may more than offset North American profits. Ford issued a warning late in June, but it's interesting to see the headlines rehashed into the tape.

Analyst Views
Data from Streetinsider's Ratings Insider has 10 analysts with a Buy, five are Neutral, and none has a Sell-equivalent rating on Ford.

The price target average is $14, ranging from $12 up to $17. Over the last year, Ford shares have traded within a range of $8.95 to $13.44.

Analyst Comments

• Deutsche Bank is looking for EPS of 27 cents. The firm noted that European losses imply about $570 million net in the quarter, with North America the key catalyst. Currently, Deutsche is firm on N.A., with potential benefit to the upside. N.A. revs expected to be $19.77 billion with margin of 10.1 percent.
  
  As for an outlook, Deutsche sees Ford guiding to lower year-over-year pretax earnings, but hopes Ford will be more explicit on the decline. Deutsche commented, "In terms of the International deterioration, we would expect the company to provide color on whether any of the decline is one-time (i.e. F/X driven balance sheet revaluations, pricing accrual adjustments on Q2 inventory, and/or one-time production cuts to re-set inventories)."

Stay tuned to StreetInsider.com's EPS Insider section to see our analysis of the highly-anticipated quarterly results within seconds of their release. You can also check out Ford's past performance at Streetinsider's Ford's Income Statement.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Goldman Sachs Upgrades Meritor (MTOR) to Buy
• UPDATE: Vanda Pharmaceuticals (VNDA) Opens Higher; Lazard Raises PT to $17
• Goldman Sachs Upgrades Abbott Labs (ABT) to Buy

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS View

Related Entities

Deutsche Bank, Earnings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?