Ford Motor Earnings: Accelerates Past Analyst Estimates

Ford Motor Co. (NYSE:F) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Despite exceeding analyst expectations, the net income drop has shares are down 2.03%.

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Ford Motor Co. Earnings Cheat Sheet

Results: Net income decreased -88.25% to $1.6 billion (31 cents per diluted share) in the quarter versus a net gain of $13.62 billion in the year-earlier quarter.

Revenue: Rose 5.56% to $36.5 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Ford Motor Co. reported adjusted net income of 31 cents per share. By that measure, the company beat the mean analyst estimate of $0.25. It beat the average revenue estimate of $32.94 billion.

Quoting Management: “Our 2012 results were solid, and we expect another strong performance in 2013,” Ford Credit Chairman and CEO Bernard Silverstone said…

…We will remain focused on providing unparalleled support and service for Ford, our dealers and our customers.”

Key Stats:

Revenue increased 13.45% from $32.17 billion in the previous quarter. Net income decreased 1.9% from $1.63 billion in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.42 and has not changed. For the current year, the average estimate has moved up from a profit of $1.25 to a profit of $1.34 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)