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Ford (F) Q1 Earnings and Revenues Beat Estimates, Fall Y/Y
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Ford Motor Co. (F - Free Report) is a global automotive, financial services, and mobility company. 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, weakness in South America, Brexit related concerns, frequent product recalls and rising structural expenses are 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 first-quarter release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Ford for the first quarter have decreased in the past 60 days.
The company delivered positive earnings surprises in two of the trailing four quarters with an average beat of around 15.59%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings
Ford raked in adjusted earnings of 39 cents per share that beat the Zacks Consensus Estimate of 34 cents. Adjusted earnings were lower than 68 cents recorded in the year-ago quarter.
Ford logged Automotive revenues of $36.5 billion, surpassing the Zacks Consensus Estimate of $34.73 billion. Revenues were $1.3 billion lower than a year-ago.
Key Stats/Developments to Note
Ford reported a 17,000 unit decrease in wholesale volumes to 1.7 million in the first quarter.
The company continues to expect 2017 pre-tax profit to be around $9 billion, down from $10.4 billion in 2016. The company aims to build a strong platform in the year for better performance in 2018.
Market Reaction
Ford’s shares increased 2.2% following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Ford’s earnings report!
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Ford (F) Q1 Earnings and Revenues Beat Estimates, Fall Y/Y
Ford Motor Co. (F - Free Report) is a global automotive, financial services, and mobility company. 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, weakness in South America, Brexit related concerns, frequent product recalls and rising structural expenses are 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 first-quarter release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Ford for the first quarter have decreased in the past 60 days.
The company delivered positive earnings surprises in two of the trailing four quarters with an average beat of around 15.59%.
Zacks Rank
Ford currently has a Zacks Rank #3 (Hold), but that could change following its earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings
Ford raked in adjusted earnings of 39 cents per share that beat the Zacks Consensus Estimate of 34 cents. Adjusted earnings were lower than 68 cents recorded in the year-ago quarter.
Ford Motor Company Price and EPS Surprise
Ford Motor Company Price and EPS Surprise | Ford Motor Company Quote
Revenues
Ford logged Automotive revenues of $36.5 billion, surpassing the Zacks Consensus Estimate of $34.73 billion. Revenues were $1.3 billion lower than a year-ago.
Key Stats/Developments to Note
Ford reported a 17,000 unit decrease in wholesale volumes to 1.7 million in the first quarter.
The company continues to expect 2017 pre-tax profit to be around $9 billion, down from $10.4 billion in 2016. The company aims to build a strong platform in the year for better performance in 2018.
Market Reaction
Ford’s shares increased 2.2% following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Ford’s earnings report!
Looking for Ideas with Even Greater Upside?
Most of Zacks’ investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information>>