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Fiat Chrysler (FCAU) Q4 Earnings Beat Estimates, Improve Y/Y

Fiat Chrysler Automobiles N.V. FCAU engages in the designing, engineering, manufacturing and selling of vehicles and its related components through its 162 manufacturing facilities, 87 R&D centers, and dealers and distributors in more than 150 countries.

Earnings

Fiat Chrysler’s earnings increased to €0.70 (82 cents) per share in the fourth-quarter of 2017, higher than €0.35 recorded in the year-ago quarter, beating the Zacks Consensus Estimate of 64 cents.

Revenues

Fiat Chrysler reported net revenues of €28.88 billion, lower than €29.72 billion recorded in the year-ago quarter.

Estimate Trend & Surprise History

Investors should note that stock has seen the Zacks Consensus Estimate for the fourth-quarter earnings being revised 11.9% downward over the last seven days.

Fiat Chrysler Automobiles N.V. Price and EPS Surprise

The company delivered positive earnings surprises in three of the trailing four quarters with an average beat of around 17.02%.

 Key Stats/Developments to Note

For fiscal 2018, Fiat Chrysler expects net revenues to be approximately €125 billion, in comparison to €111 billion generated the year-ago. Additionally, it expects an adjusted net profit to be roughly €5 billion, a rise from €3.8 billion generated in fiscal 2017.

Zacks Rank

Fiat Chrysler holds a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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