Tesla Motors Inc (TSLA), Ford (F), GM, Harley-Davidson Inc (HOG) – Earnings Preview: Automakers Reporting the Next Two Weeks by Estimize
Even with global volatility, the automotive industry is enjoying considerable gains and profitability while annual sales have reached pre-recession levels. Last year, drivers in the U.S. bought more cars than ever before, a remarkable turnaround for an industry on the verge of collapse 5 years ago. The historic free fall in oil prices have fueled car sales with consumers flocking towards gas guzzling SUV’s and trucks. The most immediate challenges that threaten the automotive sales are currency headwinds and wavering demand in emerging markets. From a manufacturing standpoint, the auto industry must evolve with major societal trend to remain relevant including a shift in consumer demand, increasing regulatory requirements and the need to integrate technology and data along the way. The outlook of the automotive industry still remains positive due to cheap gas, easy credit and an improving job market. American automakers, Ford, General Motors, Harley Davidson and Tesla all reports in the next two weeks and will set the tone for the state of the car industry.
Ford Motor Co. (F) | Reports January 28, Before Market Opens.
The Estimize consensus calls for EPS of $0.48 and revenue of $35.951 billion, reflecting a significant upward trend from the year prior. Compared to Q4 2014, this represents a projected YoY increase in EPS of 86%.
Harley-Davidson, Inc. (HOG) | Reports January 28, Before Market Opens.
The Estimize community expects EPS of $0.20 and revenue of $1.031 billion, slightly higher than the Wall Street consensus. Over the past two years, earnings for the motorcycle company has followed no clear trend, with large ups and downs from quarter to quarter.
General Motors Company (GM) | Reports February 3, Before Market Opens.
This quarter the Estimize community expects EPS of $1.26 and revenue of $38.737 billion, slightly higher than Wall Street’s estimates. With a promising outlook ahead of GM, the Estimize consensus has revised their estimates upwards, specifically increasing EPS estimates 7%.
Tesla Motors, Inc. (TSLA) | Reports February 10, After Market Closes.
The Estimize consensus calls for EPS of $0.07 and revenue of $1.811 billion, surprisingly lower than Wall Street’s estimates. Compared to Q4 2014, this represents a projected YoY increase in EPS and revenue of 151% and 65%, respectively. Tesla innovatively combines the rapidly changing tech sector with a relatively lackluster automobile industry to manufacture one of the most luxurious and energy efficient vehicles on the road today. Its flagship vehicle, the Model S, crushed expectations with 3600 vehicles sold in December alone. As a whole, electric cars had a record 2015 which saw Tesla deliver over 50,000 vehicles, a 67% increase from 2014. With its booming success in North America, Tesla has begun expanding overseas in European and Asian markets. The automaker is expected to finalize 2016 guidance in the weeks to come and some bullish projections insist Tesla will deliver between 84 and 95 thousand vehicles this next year. Fueling this rapid growth will be the introduction of its newest vehicle, the Model 3. Ultimately, the outlook of Tesla hinges on its forward looking progress, as seems to be the case with anything Elon Musk embarks on.
There is still time to get your estimates in here!