Latest news with #EmmanuelRosner
Yahoo
2 days ago
- Automotive
- Yahoo
5 Must-Read Analyst Questions From Ford's Q2 Earnings Call
Ford's second quarter performance drew a positive market response, as the company exceeded Wall Street's expectations for both revenue and non-GAAP profit. Management attributed these results to robust sales momentum in its Ford Pro commercial segment, strategic cost improvements, and increased demand for hybrid and electric vehicles. CEO Jim Farley highlighted that Ford's 'customer-led investment strategy in Ford Pro and improving operational efficiencies' were key contributors, while the company also pointed to successful pricing strategies and fresh product launches like the new Expedition and Navigator. Despite facing headwinds from tariffs, Ford's operational discipline and diversified product lineup were emphasized as drivers of growth. Is now the time to buy F? Find out in our full research report (it's free). Ford (F) Q2 CY2025 Highlights: Revenue: $50.18 billion vs analyst estimates of $46.55 billion (5% year-on-year growth, 7.8% beat) Adjusted EPS: $0.37 vs analyst estimates of $0.33 (11.1% beat) Adjusted EBITDA: $3.57 billion vs analyst estimates of $3.48 billion (7.1% margin, 2.7% beat) Operating Margin: 1%, down from 3.9% in the same quarter last year Sales Volumes rose 3.8% year on year (2.1% in the same quarter last year) Market Capitalization: $44.77 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Our Top 5 Analyst Questions From Ford's Q2 Earnings Call Emmanuel Rosner (Wolfe Research) probed the drivers of improved guidance despite tariff headwinds. CFO Sherry House attributed this to accelerated cost reductions in manufacturing and supplier negotiations, saying, 'We've seen it in manufacturing efficiency and our negotiated cost for parts.' Dan Levy (Barclays) asked about the sustainability of recent market share gains given changing tariffs. President Andrew Frick stated Ford expects to 'carry that performance into the second half' due to strong product segments and stable pricing. Mark Delaney (Goldman Sachs) questioned Ford's ability to balance emission policy opportunities with competitive EV offerings. CEO Jim Farley said Ford is 'radically reengineering' its EV platform to compete globally, especially with Chinese manufacturers, while leveraging LFP battery technology. Colin Langan (Wells Fargo) pressed on how record recall volumes affect cost improvements. CEO Jim Farley clarified that most recalls are software-related and addressed by OTA updates, which are 'over 95% less costly than physical repairs.' Edison Yu (Deutsche Bank) requested more detail on pricing trends in commercial vehicles. Frick responded that full-size pickups remain strong, but competitive pressure in the van segment has stabilized and is expected to hold steady for the rest of the year. Catalysts in Upcoming Quarters Looking ahead, the StockStory team will closely monitor (1) Ford's ability to sustain cost improvements and margin recovery through material and warranty savings, (2) the adoption and profitability of its next-generation EV and hybrid models, and (3) the impact of evolving trade and emissions policy developments on product mix and capital allocation. Progress in fleet management and software-driven services will also be key markers of success. Ford currently trades at $11.25, up from $10.91 just before the earnings. Is there an opportunity in the stock?Find out in our full research report (it's free). High-Quality Stocks for All Market Conditions When Trump unveiled his aggressive tariff plan in April 2025, markets tanked as investors feared a full-blown trade war. But those who panicked and sold missed the subsequent rebound that's already erased most losses. Don't let fear keep you from great opportunities and take a look at Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
05-08-2025
- Automotive
- Yahoo
Analysts Say Tesla's (TSLA) Real Value May Lie in the Story, Not the Numbers
Tesla, Inc. (NASDAQ:TSLA) is one of the On July 31, Wolfe Research analyst Emmanuel Rosner reiterated a 'Peerperform' rating on the stock without a price target. According to the firm, near-term Street estimates for the stock appear high, particularly for 2025 and 2026. Free cash flow is also likely to remain under pressure even though the company's energy business could be a vital factor. 'TSLA shares are down 21% YTD, below the broader S&P up 8% and RIVN down 2%, with Ford up 9% and GM down 2%. Near-term, Street estimates still appear high, especially for 2025 and 2026. And FCF is likely to remain under pressure, with strong growth in the company's burgeoning Energy business a key swing factor. That said, this name trades more around the narrative than the numbers. ' Pixabay/Public Domain Nevertheless, the firm tactically sees an improving narrative. 'Tesla has several catalysts coming w/r/t FSD and robotaxi, including an expansion of their AV service into several new US markets (San Francisco, Nevada, Arizona, Florida, etc). The company plans to unlock hands-free / eyes-off autonomy for FSD owners in select US locations by YE25. Supervised FSD in China and Europe is expected to launch over the next ~12 months. And Optimus is expected to enter scale production in 2026.' Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives. While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Yahoo
10-07-2025
- Automotive
- Yahoo
The Top 5 Analyst Questions From Ford's Q1 Earnings Call
Ford's first quarter results were met with a positive market response, as revenue and non-GAAP profit meaningfully exceeded Wall Street expectations despite a year-over-year decline in sales. Management attributed this outperformance to strong cost controls, robust pricing on new vehicle launches, and effective mitigation of tariff headwinds. CEO Jim Farley cited progress in warranty savings and streamlined material costs as key contributors, stating that 'warranty spikes during launch are now at industry leading levels,' with recent product launches like the Expedition and Navigator supporting higher average transaction prices and faster dealer turnover. Is now the time to buy F? Find out in our full research report (it's free). Revenue: $40.66 billion vs analyst estimates of $38.49 billion (5% year-on-year decline, 5.6% beat) Adjusted EPS: $0.14 vs analyst estimates of $0.02 (significant beat) Adjusted EBITDA: $2.40 billion vs analyst estimates of $1.53 billion (5.9% margin, 57.3% beat) Operating Margin: 0.8%, down from 2.9% in the same quarter last year Sales Volumes fell 7.1% year on year (-0.9% in the same quarter last year) Market Capitalization: $47.04 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Emmanuel Rosner (Wolfe Research) asked for details on the composition of the $2.5 billion tariff headwind and the effectiveness of offsets. CFO Sherry House broke down the estimate as roughly half parts and half imported vehicles, with offsets stemming from cost actions and pricing flexibility. Dan Levy (Barclays) inquired about volume expectations and inventory strategy amid tariff changes. CEO Jim Farley stressed Ford's ability to be opportunistic due to healthy inventory and emphasized a measured approach to pricing. Adam Jonas (Morgan Stanley) questioned whether supply-chain disruptions were emerging due to tariffs. COO Kumar Galhotra noted that while no major issues had materialized, rare earth imports and shifting policies could quickly lead to bottlenecks. Joseph Spak (UBS) asked what milestones would enable Ford to reinstate guidance. House responded that clarity on policy details, customer price sensitivity, and competitor actions would determine the timing, with an update expected next quarter. James Picariello (BNP Paribas) requested insight into Model e's performance and ongoing Mach-E production plans. House shared that Model e saw 40% improvement in profitability versus last year, with stable production planned for Mach-E amid strong demand. In future quarters, the StockStory team will closely watch (1) the evolution of tariff policy and Ford's ability to offset related costs, (2) signs of demand elasticity and price realization as new pricing strategies are implemented, and (3) the pace of software and service revenue growth within Ford Pro. Updates on emissions regulations and supply-chain resilience will also be important indicators of Ford's ability to execute on its strategic priorities. Ford currently trades at $11.83, up from $10.19 just before the earnings. In the wake of this quarter, is it a buy or sell? See for yourself in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
20-03-2025
- Automotive
- Yahoo
Top auto tech stocks for investors unimpressed by Tesla
Tesla (TSLA) stock has erased its post-election gains as CEO Elon Musk's political endeavors weigh on sentiment around the company. Wolfe Research managing director and senior autos, parts, and auto tech analyst Emmanuel Rosner sits down with Julie Hyman and Josh Schafer on Market Domination to discuss his top stock picks in the auto tech space. Wedbush Securities' Dan Ives — a Tesla bull — has commented that Elon Musk must "change course" and shift focus from his involvement in the Trump administration and back to his company. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. So we said we didn't want to talk about Tesla specifically, right? But someone that buys Tesla is usually probably interested in sort of the technology aspect of the auto industry, right? Are there other names available that get into the technology of the auto industry? Maybe they aren't making the cars, but they're sort of providing that, maybe tech investors sort of… …And maybe without the Tesla baggage. Yes. All right. So, we can speak about Mobileye. Mobileye is a name that we like. It's essentially a technology supplier that makes software for autonomous driving. They provide complete solution to legacy automakers that are not called Tesla. How could they offer autonomous cars essentially? And they offer a system that go anywhere from like semi-autonomy to full autonomy, to potential robo taxi. Now, the stock has been under dramatic amount of pressure in the last few years or so. Part of it is because they need customers and these automakers to sign up and actually buy their product. And a lot of these automakers have been sitting on their hands and they haven't really made any sourcing decisions. So, what we like it here is, look, it's had a lot of pressure. Seems a lot is priced into the stock. If these guys, this year can announce some legit automakers signing them up for auto for autonomous driving, you have tremendous amount of upside and because it could be Nissan, Honda, Toyota. It could really be some legitimate automakers, but it needs to happen to validate the story. And the two other stocks that you have outperforms on, I believe were Autolive, Autoliv…and Aptiv which are sort of in the car building ecosystem, where do they fit in and why are they not as vulnerable as some of the other stocks that you look at? So generally speaking, it's all assuming tariffs manageable. So it's on the other side of it. But what we do like about names like Autoliv and Aptiv, they are somewhat high-tech. Aptiv is focused on electrification as well as well as active safety. Autoliv makes airbags. What we like about them is first of all, there's quite a bit of secular growth which is not just waiting for people to buy cars. There's more and more of their content in the cars. These guys are also aggressively taking out cost, especially Autoliv there reducing headcount pretty dramatically. And what we like especially in case of Autoliv is all that free cash flow. They aggressively buying back the stock, so returning it to shareholders. This is essentially good recipe for strong free cash flow and strong earnings growth as well. I want to come back to something you said a minute ago. You talked about sort of the traditional automakers getting into autonomous driving. And part of me wonders, does Tesla have to succeed first to make these companies move, right? If I'm Ford or GM, I get why they want to get into it, but would that be sort of the catalyst that really expedites that industry growing within autos? Yeah, no, it's a potential catalyst. Yeah, the fact if Tesla is successful at it, and by successful we don't mean, we don't mean that the technology works, but they can actually turn it into a real business where there would be a higher take rates of people paying for FSD, other automakers will basically be looking at it and say, look, I'm going to invest in it because it's actually a real business line. Part of the issue with Tesla is the technology works quite well, but the take rates remain really, really low, which means people do not want to pay $100 a month for FSD because it's not useful enough for that kind of price. So we need to see that, and I think we're starting to see it. Tesla is obviously offering a promising robo taxi starting in June in Austin. If that is successful, other automakers will take notice for sure. We think it could be good for Mobileye. Sign in to access your portfolio
Yahoo
17-03-2025
- Automotive
- Yahoo
Rivian Founder and CEO RJ Scaringe to Participate in Wolfe Research Virtual Autos Summit
IRVINE, Calif., March 17, 2025--(BUSINESS WIRE)--On Tuesday, March 18 at 12:30 PM ET, Rivian (NASDAQ: RIVN) Founder and CEO RJ Scaringe will participate in a fireside chat at the Wolfe Research Virtual Autos Summit. Emmanuel Rosner and Shreyas Patil from Wolfe will host. A live webcast of the fireside chat will be available here. About Rivian: Rivian (NASDAQ: RIVN) exists to create products and services that help our planet transition to carbon neutral energy and transportation. Rivian designs, develops, and manufactures category-defining electric vehicles and accessories and sells them directly to customers in the consumer and commercial markets. Rivian complements its vehicles with a full suite of proprietary, value-added services that address the entire lifecycle of the vehicle and deepen its customer relationships. Learn more about the company, products, and careers at View source version on Contacts Investors: ir@ Media: Harry Porter, media@
