Ford, GM, FCA, and Ferrari should all post profits — the question is whether they’ll beat estimates.
Analysts will be looking for guidance heading into the 2018 sales year, which could be weaker than 2017.
Tesla could lose well over $3 per share for Q4.
The five automakers whose stock moves we follow closely at Business Insider are reporting earnings this week and into early February.
After a surprisingly solid 2017, with near-record sales in the US, the industry is preparing for a downturn, albeit a modest one.
Wall Street is also hungry for stories about the future of transportation. Wildly unprofitable Tesla saw its stock surge in 2017, reaching new heights, while Ford languished and made a CEO switch to help it focus on new technologies.
Here’s what we’ll be keeping an eye on:
The Blue Oval, under new CEO Jim Hackett, has broken with Detroit custom and will report its full-year 2017 and fourth quarter results after the bell on Wednesday. That’s when tech companies release earnings, and Ford wants to do everything possible to recast itself as a forward-thinking enterprise, despite booming sales of a product that’s been around since the 1940s — the F-Series pickups — …read more
Source:: Businessinsider – Technology