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Ford Motor Company (F) Reports Q2 Earnings: What Key Metrics Have to Say
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Ford Motor Company (F - Free Report) reported $42.43 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 11.9%. EPS of $0.72 for the same period compares to $0.68 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $40.09 billion, representing a surprise of +5.83%. The company delivered an EPS surprise of +41.18%, with the consensus EPS estimate being $0.51.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ford Motor Company performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Wholesale Units - Ford Blue: 720 thousand versus the three-analyst average estimate of 705.35 thousand.
Wholesale Units - Ford Pro: 365 thousand versus the three-analyst average estimate of 343.03 thousand.
Wholesale Units - Ford Model e: 34 thousand compared to the 28.36 thousand average estimate based on three analysts.
Revenues- Company excluding Ford Credit: $42.43 billion compared to the $38.50 billion average estimate based on three analysts.
Revenues- Ford Credit: $2.53 billion versus $2.29 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +12% change.
Adjusted EBIT- Corporate Other: -$197 million versus -$257.55 million estimated by three analysts on average.
Adjusted EBIT- Ford Blue: $2.31 billion versus the three-analyst average estimate of $1.87 billion.
Adjusted EBIT- Ford Credit: $390 million versus the three-analyst average estimate of $407.99 million.
Adjusted EBIT- Ford Pro: $2.39 billion compared to the $1.62 billion average estimate based on three analysts.
Adjusted EBIT- Ford Next: -$26 million compared to the -$78.17 million average estimate based on three analysts.
Adjusted EBIT- Ford Model e: -$1.08 billion compared to the -$879.36 million average estimate based on three analysts.
Shares of Ford Motor Company have returned -8.2% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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Ford Motor Company (F) Reports Q2 Earnings: What Key Metrics Have to Say
Ford Motor Company (F - Free Report) reported $42.43 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 11.9%. EPS of $0.72 for the same period compares to $0.68 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $40.09 billion, representing a surprise of +5.83%. The company delivered an EPS surprise of +41.18%, with the consensus EPS estimate being $0.51.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ford Motor Company performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Wholesale Units - Ford Blue: 720 thousand versus the three-analyst average estimate of 705.35 thousand.
- Wholesale Units - Ford Pro: 365 thousand versus the three-analyst average estimate of 343.03 thousand.
- Wholesale Units - Ford Model e: 34 thousand compared to the 28.36 thousand average estimate based on three analysts.
- Revenues- Company excluding Ford Credit: $42.43 billion compared to the $38.50 billion average estimate based on three analysts.
- Revenues- Ford Credit: $2.53 billion versus $2.29 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +12% change.
- Adjusted EBIT- Corporate Other: -$197 million versus -$257.55 million estimated by three analysts on average.
- Adjusted EBIT- Ford Blue: $2.31 billion versus the three-analyst average estimate of $1.87 billion.
- Adjusted EBIT- Ford Credit: $390 million versus the three-analyst average estimate of $407.99 million.
- Adjusted EBIT- Ford Pro: $2.39 billion compared to the $1.62 billion average estimate based on three analysts.
- Adjusted EBIT- Ford Next: -$26 million compared to the -$78.17 million average estimate based on three analysts.
- Adjusted EBIT- Ford Model e: -$1.08 billion compared to the -$879.36 million average estimate based on three analysts.
View all Key Company Metrics for Ford Motor Company here>>>Shares of Ford Motor Company have returned -8.2% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.