For the quarter ended March 2024, Ford Motor Company (F - Free Report) reported revenue of $39.89 billion, up 2.1% over the same period last year. EPS came in at $0.49, compared to $0.63 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $40.55 billion, representing a surprise of -1.63%. The company delivered an EPS surprise of +16.67%, with the consensus EPS estimate being $0.42.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Ford Motor performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Wholesale Units - Ford Blue: 626 thousand versus the three-analyst average estimate of 672.61 thousand.
- Wholesale Units - Ford Pro: 409 thousand versus the three-analyst average estimate of 351.85 thousand.
- Wholesale Units - Ford Model e: 10 thousand compared to the 46.91 thousand average estimate based on three analysts.
- Revenues- Ford Credit: $2.90 billion compared to the $2.66 billion average estimate based on three analysts. The reported number represents a change of +21.4% year over year.
- Adjusted EBIT- Ford Credit: $326 million versus the four-analyst average estimate of $342.78 million.
- Adjusted EBIT- Ford Blue: $905 million versus the three-analyst average estimate of $2.10 billion.
- Adjusted EBIT- Ford Pro: $3.01 billion versus the three-analyst average estimate of $1.83 billion.
- Adjusted EBIT- Ford Next: -$9 million versus -$43.33 million estimated by three analysts on average.
- Adjusted EBIT- Corporate Other: -$147 million compared to the -$74.02 million average estimate based on three analysts.
- Adjusted EBIT- Ford Model e: -$1.32 billion versus the three-analyst average estimate of -$1.26 billion.
View all Key Company Metrics for Ford Motor here>>>Shares of Ford Motor have returned +4% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended March 2024, Ford Motor Company (F - Free Report) reported revenue of $39.89 billion, up 2.1% over the same period last year. EPS came in at $0.49, compared to $0.63 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $40.55 billion, representing a surprise of -1.63%. The company delivered an EPS surprise of +16.67%, with the consensus EPS estimate being $0.42.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Ford Motor performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Wholesale Units - Ford Blue: 626 thousand versus the three-analyst average estimate of 672.61 thousand.
- Wholesale Units - Ford Pro: 409 thousand versus the three-analyst average estimate of 351.85 thousand.
- Wholesale Units - Ford Model e: 10 thousand compared to the 46.91 thousand average estimate based on three analysts.
- Revenues- Ford Credit: $2.90 billion compared to the $2.66 billion average estimate based on three analysts. The reported number represents a change of +21.4% year over year.
- Adjusted EBIT- Ford Credit: $326 million versus the four-analyst average estimate of $342.78 million.
- Adjusted EBIT- Ford Blue: $905 million versus the three-analyst average estimate of $2.10 billion.
- Adjusted EBIT- Ford Pro: $3.01 billion versus the three-analyst average estimate of $1.83 billion.
- Adjusted EBIT- Ford Next: -$9 million versus -$43.33 million estimated by three analysts on average.
- Adjusted EBIT- Corporate Other: -$147 million compared to the -$74.02 million average estimate based on three analysts.
- Adjusted EBIT- Ford Model e: -$1.32 billion versus the three-analyst average estimate of -$1.26 billion.
View all Key Company Metrics for Ford Motor here>>>Shares of Ford Motor have returned +4% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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