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Investors In Auto Group Position Themselves Ahead Of Q3 Earnings

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Investors In Auto Group Position Themselves Ahead Of Q3 Earnings

The current week will see General Motors Company (NYSE: GM) kick-starting the earnings season for the automobile sector. The September quarter was not an easy one given the tough year-ago quarter comparisons.

On a unit-wise, the leading companies struggled to post growth in the United States. However, the average transaction price witnessed a growth. Therefore, the auto firms' sales from the international division remain paramount to the earnings print.

Related Link: Auto Industry Shifting From New To Used? CarMax Consistently Outperforms During Car Stock Weakness

Names In The Space

  • Fiat Chrysler Automobiles NV (NYSE: FCAU) is scheduled to disclose its results on Tuesday. Street analysts estimate an EPS of $0.38 on revenue of $29.90 billion.
  • Ford Motor Company (NYSE: F) will follow on Thursday. The Street sees the company delivering an EPS of $0.22 on revenue of $32.94 billion.
  • GM will announce its results on Tuesday. Analysts expect EPS of $1.44 on revenue of $39.29 billion for the third quarter.
  • Honda Motor Co Ltd (ADR) (NYSE: HMC) is another company that has yet to indicate September quarter results announcement date. Analyst expects yen 123.06 billion revenue.
  • Nissan Motor Co Ltd (ADR) (OTC: NSANY): The company has yet to announce its results date. Analysts expect revenue of yen 107.13 billion.
  • Toyota Motor Corp (ADR) (NYSE: TM) is yet to reveal the third-quarter results announcement date. Analysts see yen 255,05 billion revenue.

At Last Check ...

  • Fiat Chrysler was up 3.01 percent at $6.49.
  • Ford was up 1.29 percent at $12.18.
  • GM was up 3.09 percent at $33.03.
  • Honda was down 0.25 percent at $29.70.
  • Nissan was up 0.2 percent at $19.64.
  • Toyota was up 0.1 percent at $115.39.

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