Ford Motor Company Earnings Cheat Sheet: Two Straight Quarters of Falling Profit

S&P 500 (NYSE:SPY) component Ford Motor Company (NYSE:F) reported its results for the third quarter. Ford is an automaker that sells its cars and trucks throughout the world.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Ford Motor Company Earnings Cheat Sheet for the Third Quarter

Results: Net income for the auto manufacturer fell to $1.65 billion (41 cents per share) vs. $1.69 billion (43 cents per share) a year earlier. This is a decline of 2.3% from the year earlier quarter.

Revenue: Rose 14% to $33.1 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: F reported adjusted net income of 46 cents per share. By that measure, the company beat the mean estimate of 44 cents per share. It beat the average revenue estimate of $29.86 billion.

Quoting Management: “We delivered solid results for the third quarter despite an uncertain business environment by continuing to serve our customers around the world with best-in-class vehicles,” said Alan Mulally, Ford president and CEO. “We accomplished this while continuing to invest for future growth and focusing on developing outstanding products with segment-leading quality, fuel efficiency, safety, smart design and value.”

Key Stats:

The company has now seen net income fall in each of the last two quarters. In the second quarter, net income fell 7.7% from the year earlier quarter.

The company has now topped analyst estimates for the last three quarters. It beat the mark by 5 cents in the second quarter and by 12 cents in the first quarter.

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 37 cents a share to 33 cents over the last ninety days. The average estimate for the fiscal year is now $1.88 per share, down from $1.94 sixty days ago.

Competitors to Watch: General Motors Company (NYSE:GM), Toyota Motor Corp. (NYSE:TM), Daimler AG (DDAIF), HONDA MOTOR CO., LTD. (NYSE:HMC), Nissan Motor Co., Ltd. (NSANY), Tesla Motors Inc (NASDAQ:TSLA), Volkswagen AG (VLKAY), Navistar Intl. Corp. (NYSE:NAV), PSA Peugeot Citroen S.A. (PEUGY), and Spartan Motors, Inc. (NASDAQ:SPAR).

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

(Source: Xignite Financials)

 

More from The Cheat Sheet