Ford is expected to publish its Q3 2023 results on October 26, reporting on another quarter that saw deliveries expand. We expect Ford’s revenues for the quarter to come in at about $40.28 billion, marking an 11% increase versus last year and marginally ahead of consensus estimates. We expect earnings to stand at $0.46 per share, also ahead of consensus estimates and about 50% higher than the same quarter last year. While the United Auto Workers union is currently on strike against the big Detroit automakers, including Ford, this is unlikely to impact the company’s Q3 earnings in a material manner. See our analysis of Ford’s Earning Preview for a closer look at what to expect when the company publishes Q3 results.
We note that F stock has had a Sharpe Ratio of 0.2 since early 2017, which is lower than 0.5 for the S&P 500 Index over the same period. This compares with the Sharpe of 1.2 for the Trefis Reinforced Value portfolio. Sharpe is a measure of return per unit of risk, and high-performance portfolios can provide the best of both worlds.
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