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. Shares are up 3.19%.
Ford Motor Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 50% to $0.45 in the quarter versus EPS of $0.30 in the year-earlier quarter.
Revenue: Rose 8.4% to $36 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Ford Motor Co. reported adjusted EPS income of $0.45 per share. By that measure, the company beat the mean analyst estimate of $0.37. It beat the average revenue estimate of $35.24 billion.
Quoting Management: “We are pleased with our second quarter results and our continuing receivables growth,” Ford Credit Chairman and CEO Bernard Silverstone said. “Our focused support of Ford, our customers and dealers continues to benefit the enterprise.”
Key Stats (on next page)…
Revenue increased 0.53% from $35.81 billion in the previous quarter. EPS increased 9.76% from $0.41 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 $0.34 and has not changed. For the current year, the average estimate has moved up from a profit of $1.4 to a profit of $1.43 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)