Honda Motor Co., Ltd. HMC reported consolidated income of ¥207.3 billion ($1.85 billion) or ¥115.04 per share ($1.03 per ADR) in the first quarter of fiscal 2017 (ended Jun 30). Earnings per share surpassed the Zacks Consensus Estimate of 83 cents. Earnings per share rose ¥18.11 (16 cents per ADR) from the year-ago quarter figure.Consolidated sales revenues increased 7% year over year to ¥3.71 trillion ($33.15 billion). The figure surpassed the Zacks Consensus Estimate of $31.30 billion. The year-over-year increase can be attributed to higher revenues in financial services, motorcycle business operations and foreign currency conversion effects.Consolidated operating profit amounted to ¥269.2 billion ($2.40 billion), reflecting an increase of 0.9% from that of prior-year quarter. The improvement was backed by a rise in sale volume and model mix, and continuous lowering down of costs. These factors were offset by higher selling, general and administrative (SG&A) expenses.Segment PerformanceSales revenues in the Automobile segment inched up 3.5% to ¥2.62 trillion ($23.38 billion). Unit sales increased 4.5% from the year-ago period to 1.27 million vehicles.Revenues in the Motorcycle segment increased 17.6% to ¥508.5 billion ($4.54 billion), on an 8% increase in consolidated unit sales, to 4.69 million motorcycles.Revenues in the Financial Services segment improved 15.3% to ¥539.6 billion ($4.82 billion).Revenues in the Power Product and Other segment rose 2.7% to ¥83.1 billion ($0.74 billion) in the reported quarter.Financial PositionConsolidated cash and cash equivalents were ¥2 trillion ($18.03 billion) as of Jun 30, 2017, increasing ¥86.5 trillion ($0.77 billion) sequentially.GuidanceFor fiscal 2018 (ending Mar 31, 2018), Honda expects revenues to improve 3.6% to ¥14.5 trillion ($129.4 billion). Operating income is likely to decline 13.8% to ¥725 billion ($6.47 billion). Profit before income taxes is projected to decline 10.6% to ¥900 billion ($8.03 billion).Zacks Rank & Key PicksCurrently, Honda has a Zacks Rank #3 (Hold).Some better-ranked companies in the auto space are Allison Transmission Holdings ALSN, Volkswagen AG VLKAY and Daimler AG DDAIF, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Allison Transmission has expected long-term growth rate of 11%.Volkswagen has expected growth rate of around 17.3% in the long run.Daimler has expected long-term growth rate of 2.8%.Honda Motor Company, Ltd. Price, Consensus and EPS Surprise Honda Motor Company, Ltd. Price, Consensus and EPS Surprise | Honda Motor Company, Ltd. QuoteWill You Make a Fortune on the Shift to Electric Cars? Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.It's not the one you think.See This Ticker Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report Daimler AG (DDAIF): Free Stock Analysis Report Volkswagen AG (VLKAY): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research