The Zacks Analyst Blog Highlights: General Motors, Ford, Fiat Chrysler And Tesla
Zacks Investment Research | Feb 09, 2020 09:10PM ET
For Immediate Release
Chicago, IL – February 10, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: General Motors (NYSE:GM) , Ford (NYSE:F) , Fiat Chrysler (NYSE:F) and Tesla (NASDAQ:TSLA) .
Here are highlights from Friday’s Analyst Blog:
What’s Ahead for the Detroit 3 Carmakers After a Weak 2019?
The year 2019 was a tough one for Detroit 3 automakers, namely General Motors, Ford and Fiat Chrysler. Tariff woes, popularity of ride-sharing services and rise in car prices on the back of technological advancements tamed consumer demand to some extent, resulting in year-over-year decline in revenues and shipments for these firms in 2019. In addition, sluggish sales in China amid economic slowdown affected the companies. Weak European market amid Brexit uncertainty and tighter emission standards also weighed on the carmakers.
Q4 and Full-Year 2019 Scorecard
Amid the headwinds, the Detroit 3 auto giants came up with weaker year-over-year results in 2019. In full-year 2019, revenues, earnings and vehicle sales for each of the companies declined. Even in fourth-quarter 2019, Ford and General Motors’ earnings and revenues dipped from the prior-year period. However, Fiat Chrysler’s fourth-quarter revenues and profits improved. While Fiat Chrysler and General Motors managed to beat the Zacks Consensus Estimate for earnings in the fourth quarter, Ford — which carries a Zacks Rank #5 (Strong Sell) — missed the same. General Motors has a Zacks Rank #3 (Hold), while Fiat Chrysler carries a Zacks Rank #2 (Buy). You can see Zacks Investment Research
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