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Ford Motor Co. (F - Free Report) is one of the leading global auto manufacturers and auto financial services providers. The company’s product line boasts of heavyweights such as the legendary Ford Mustang and the F-Series truck, which has been the highest-selling vehicle in the U.S. for the last 34 years. It also owns the luxury vehicle brand, Lincoln.
Ford is gaining from its product launches, global expansion, efficient capital deployment and success of the One Ford plan. The company is renewing the majority of its product line-up and has planned several vehicle launches under the One Ford plan, which is helping boost sales. However, frequent product recalls and rising structural expenses are some concerns.
As a result, investors have been eagerly awaiting Ford’s latest earnings report. Let’s take a quick look at this Michigan-based automobile giant’s second-quarter release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Ford for the second quarter has increased by a penny in the past 7 days to 60 cents.
The automaker delivered positive earnings surprises in in 3 of the trailing 4 quarters and breakeven results in one quarter, with an average beat of around 27.7%.
Zacks Rank
Ford currently has a Zacks Rank #4 (Sell), but that could change following its earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings
Ford raked in adjusted earnings of 52 cents per share that missed the Zacks Consensus Estimate of 60 cents. Moreover, adjusted earnings were 2 cents lower than the year-ago quarter.
Ford logged revenues of $39.5 billion, surpassing the Zacks Consensus Estimate of $36.62 billion. Revenues were also $2.2 billion higher than a year-ago.
Key Stats/Developments to Note
Ford reported a 2,000 unit decrease in wholesale volumes to 1.69 million in the second quarter.
Ford anticipates 2016 pre-tax profit and operating margin to be equal to or higher than 2015 levels.
Market Reaction
Ford’s shares have decreased 6.14% so far, following the release. Clearly, the initial reaction to the release is negative.
Check back later for our full write up on Ford’s earnings report!
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Ford (F) Q2 Earnings Miss Estimates, Shares Fall
Ford Motor Co. (F - Free Report) is one of the leading global auto manufacturers and auto financial services providers. The company’s product line boasts of heavyweights such as the legendary Ford Mustang and the F-Series truck, which has been the highest-selling vehicle in the U.S. for the last 34 years. It also owns the luxury vehicle brand, Lincoln.
Ford is gaining from its product launches, global expansion, efficient capital deployment and success of the One Ford plan. The company is renewing the majority of its product line-up and has planned several vehicle launches under the One Ford plan, which is helping boost sales. However, frequent product recalls and rising structural expenses are some concerns.
As a result, investors have been eagerly awaiting Ford’s latest earnings report. Let’s take a quick look at this Michigan-based automobile giant’s second-quarter release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Ford for the second quarter has increased by a penny in the past 7 days to 60 cents.
The automaker delivered positive earnings surprises in in 3 of the trailing 4 quarters and breakeven results in one quarter, with an average beat of around 27.7%.
Zacks Rank
Ford currently has a Zacks Rank #4 (Sell), but that could change following its earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings
Ford raked in adjusted earnings of 52 cents per share that missed the Zacks Consensus Estimate of 60 cents. Moreover, adjusted earnings were 2 cents lower than the year-ago quarter.
FORD MOTOR CO Price and EPS Surprise
FORD MOTOR CO Price and EPS Surprise | FORD MOTOR CO Quote
Revenues
Ford logged revenues of $39.5 billion, surpassing the Zacks Consensus Estimate of $36.62 billion. Revenues were also $2.2 billion higher than a year-ago.
Key Stats/Developments to Note
Ford reported a 2,000 unit decrease in wholesale volumes to 1.69 million in the second quarter.
Ford anticipates 2016 pre-tax profit and operating margin to be equal to or higher than 2015 levels.
Market Reaction
Ford’s shares have decreased 6.14% so far, following the release. Clearly, the initial reaction to the release is negative.
Check back later for our full write up on Ford’s earnings report!
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 >>