Wall Street is expecting lower profit for Ford Motor when the company reports its fourth quarter results on Thursday, January 29, 2015. Analysts are expecting earnings per share of 23 cents after the company booked a profit of 31 cents a share a year earlier.
Over the past three months, the consensus estimate has sagged from 25 cents. For the fiscal year, analysts are projecting earnings of $1.11 per share. Analysts project revenue to fall 6% year-over-year to $34.80 billion for the quarter, after being $37.04 billion a year ago. For the year, revenue is projected to come in at $137.33 billion.
Over the last four quarters, the company saw a year-over-year drop in revenue by an average of 1%. The biggest fall was in the most recent quarter, when it fell 6% from the year-earlier quarter.
The decrease in profit in the third quarter came after net income rose in the previous quarter. In the third quarter, net income fell 73% to $835 million. In the second quarter, net income rose 6%.
Ford is an automaker that sells its cars and trucks throughout the world. Honda Motor, also in the auto and truck manufacturers industry, will report earnings on Friday, January 30, 2015. Analysts are expecting earnings of 55 cents per share for Honda, down 37% from last year's earnings of 87 cents per share. Other companies in the auto and truck manufacturers industry with upcoming earnings release dates include: Toyota, General Motors and Spartan Motors.
Earnings estimates provided by Zacks.
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