Ford Near 52-Week High with Earnings Due Tomorrow

Ford Motor Company (NYSE:F) is sitting within 4% of its 52-week high of $14.54 a share, and the company is due to report earnings tomorrow (Thursday) before the market opens.  Shares are currently trading for $14.03 (+$0.12/+0.86%), and shareholders are hoping for continued good news ever since the company began its recovery from the 2008-2009 collapse.

After many quarterly losses, Ford finally posted a profit in December 2009 of $0.43 per share on $35.4B in revenue, far exceeding the analysts’ expectation of $0.24 a share.  That large surprise may have been related to the strong sales during the Cash for Clunkers program.  Ford is now on deck with analysts’ expecting $0.30 earnings per share. 

So far in 2010, the company is up approximately 36%, trouncing the S&P which is only up about 7%.  With a 52-week range of $3.27 to $14.54, and a stock chart that shows exponential growth over the past year, investors should be waiting with strong anticipation for tomorrow’s earnings report.

A wish of good luck for Ford investors, and may Ford bring forth positive earnings news that can propel it to new 52-week highs.