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Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now
Ford Motor Company Earnings Cheat Sheet
Results: Net income for the domestic automobiles fell to $1.63 billion (41 cents per share) vs. $1.65 billion (41 cents per share) a year earlier. This is a decline of 1.2% from the year-earlier quarter.
Revenue: Fell 2.9% to $32.1 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Ford Motor Company reported adjusted net income of 40 cents per share. By that measure, the company beat the mean estimate of 30 cents per share. Analysts were expecting revenue of $32.17 billion.
Quoting Management: “The Ford team delivered a best-ever third quarter, driven by record results in North America,” said Alan Mulally, chief executive officer, in a statement. “While we are facing near-term challenges in Europe, we are fully committed to transforming our business.”
For three quarters in a row, the company’s net income has fallen. In the second quarter, net income fell 56.6% from the year earlier, while the figure fell 45.3% in the first quarter.
The company has now beaten analyst estimates for three quarters in a row. It beat the mark by 2 cents in the second quarter and by 4 cents in the first quarter.
Revenue has been on the decline for three quarters in a row. In the second quarter, revenue declined 6.5% to $33.21 billion while the figure fell 2% in the first quarter from the year earlier.
Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the fourth quarter has moved down from 29 cents a share to 26 cents over the last seven days. For the fiscal year, the average estimate has moved down from $1.31 a share to $1.26 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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