What's Going On With Ford Stock?
Portfolio Pulse from Adam Eckert
Ford Motor Co (NYSE:F) shares are trading higher, likely in response to General Motors Co's (NYSE:GM) strong quarterly results. GM reported Q4 revenue of $43 billion and adjusted earnings of $1.24 per share, surpassing estimates. GM's positive guidance for 2024 also contributed to its stock surge. Ford is expected to report its Q4 results on Feb. 6 with an anticipated EPS of 13 cents on $40.142 billion revenue. Analysts rate Ford as Neutral, and its stock has risen 17.47% over the past three months.
January 30, 2024 | 3:57 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Ford's stock is trading higher, potentially influenced by General Motors' positive earnings report. Ford is expected to release its own Q4 results soon, which could further impact its stock price.
Ford's stock is likely benefiting from the positive sentiment generated by GM's strong earnings, as investors may anticipate similar performance from Ford. The upcoming Q4 report for Ford will be a significant event that could confirm or change this sentiment.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
General Motors reported strong Q4 earnings, beating revenue and EPS estimates, and provided a positive earnings outlook for 2024, which has led to a surge in its stock price.
GM's stock surge is directly attributed to its Q4 earnings beat and favorable future earnings guidance. This strong financial performance is a clear positive driver for GM's stock in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100