Stellantis Shares Surge Ahead Of Full-Year Results: Can The Auto Maker Keep To The Road?
Portfolio Pulse from Neil Dennis
Stellantis NV (NYSE:STLA) shares surged ahead of its full-year results, outperforming rivals Ford Motor Co (NYSE:F) and General Motors Co (NYSE:GM) with a 44% gain over the past year. The company's focus on mass-market models and electric vehicles in Europe has contributed to its success. Full-year earnings per share are expected to be $5.69, with revenues projected at $200 billion. Investors anticipate potential shareholder returns announcements, such as a share buyback program or a special dividend.
February 14, 2024 | 9:02 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Stellantis NV's shares surged ahead of its full-year results, with expectations of strong earnings and revenue growth. Investors are hopeful for announcements on shareholder returns.
The anticipation of strong full-year results and potential announcements on shareholder returns, such as a share buyback program or a special dividend, are likely to positively impact Stellantis' stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Ford Motor Co's shares were down 2.7% over the past year, despite reporting forecast-beating fourth-quarter results.
Although Ford reported strong fourth-quarter results, the overall yearly performance was negative. The impact of the news on Ford's stock price is neutral in the short term, as the positive fourth-quarter results may have already been priced in.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
General Motors Co's shares experienced an 11% loss over the past year, despite beating fourth-quarter forecasts.
General Motors also reported better-than-expected fourth-quarter results, but the stock has been down over the year. The short-term impact of the news is neutral, as the positive quarterly performance might have been factored into the stock price already.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50