Market Overview

Investors In Auto Group Position Themselves Ahead Of Q3 Earnings

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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