Honda Motor Co., Ltd. (NYSE:HMC) is trading up 25.26% versus 12-month low of 24.03 and stands -3.46% lower from its 1-year peak of $31.18. The consensus price target (PT) of $34.07 means that the market expects Company shares to increase by 12.0% in the short run. The sell-side target prices range from $30.88 to $37.27. In the last month the stock has moved in price -0.73%, with a one year change of 2.52%. The last trading session volume compares with the 648.13K average and market worth floats around 54.47B.
Honda Motor Co., Ltd. (NYSE:HMC) fell -1.08% to reach at the trading price of $30.10 as it is set to release its next quarterly earnings report on February 03, 2017. Honda Motor Co., Ltd. stock trades in the range of $30.02 to $30.27 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0 a share with $112.3B in revenue.
Honda Motor Co., Ltd. (HMC) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Honda Motor Co., Ltd. to earn $0 per share (EPS) on revenue of $112.3B. The EPS consensus range is $0-$0 on revenue between $122.16B and $102.45B.
While if we look at the Earnings Track Record, Honda Motor Co., Ltd. (HMC) managed to surpass quarterly earnings per share estimates in 7 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 58%. Last time the company reported, Honda Motor Co., Ltd. (HMC) generated $0.85 in earnings per share, missing the consensus estimate of $0.87. Revenues hit $33.74B in the June 2017 quarter, which was below the consensus $33.91B projection. On the other hand, in the March 2017 quarter the company recorded a net $31.75B revenue with earnings per share of $0.68. Wall Street had anticipated $34.39B and $0.84, respectively. For comparison, there was a revenue of $28.94B and EPS of $0.53 in the December 2016 period.
Honda Motor Co., Ltd. (NYSE:HMC) Analyst Insights
The buoyancy in the outlook of Honda Motor Co., Ltd. (HMC) is getting stronger by the somewhat negative sentiment (2.00 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Equal Weight. Credit Agricole has been covering shares of HMC, so it is most recent view is worth a look. In a research note issued on May 31, 2016, analysts at downgraded the stock to Neutral from Buy. Another noteworthy analyst activity was recorded on May 13, 2016. Downgraded the stock to Underperform from Outperform.