Ford Motor Company (F) has seen positive revisions in earnings estimates, leading to a Zacks Rank of #1 (Strong Buy). The current quarter’s earnings estimate is now projected at $0.17 per share, which is a 56.4% decrease compared to the same quarter last year. However, estimates have increased by 16.28% over the past month, with four upward revisions and no negative ones.
For the full year, the earnings estimate stands at $1.13 per share, reflecting a 38.6% drop from the previous year. Nonetheless, recent estimates show a 7.61% increase as four analysts raised their forecasts against one downgrade. Ford shares have gained 5.3% in value over the past four weeks, buoyed by optimism surrounding these estimate revisions.
