While General Motors beat analyst earnings estimates for Q3 2016, CFO Chuck Stevens threw some caution to the wind during his conference call on October 25. Stevens forecasted a plateaued demand environment in North America, and a continued downward trend in sales due to Brexit in Europe. Will Ford (NYSE:F) remain immune to these worries? We will find out when they report before market open on October 27.
Analysts have grown increasingly bearish on Ford over the last three months, especially on its prospects in the North American and European markets. In North America, unit sales for Q3 2016 were initially expected to remain flat this quarter, however they have been revised down to a decline of 6% year over year. Meanwhile, in Europe, sales were expected to increase 2% at the beginning of the quarter, revised down to a decline of 1.6% at the beginning of September, and are now are projected to decline 10% for the quarter.
For illustrative purposes only.
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