The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Ford Motor beat slightly on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share expanded significantly.
Gross margins shrank, operating margins dropped, net margins improved.
Ford Motor reported revenue of $32.60 billion. The eight analysts polled by S&P Capital IQ predicted a top line of $32.16 billion on the same basis. GAAP reported sales were 6.6% higher than the prior-year quarter's $32.43 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.20. The earnings estimates compiled by S&P Capital IQ predicted $0.26 per share on the same basis. GAAP EPS of $3.37 for Q4 were much higher than the prior-year quarter's $0.06 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 11.9%, 100 basis points worse than the prior-year quarter. Operating margin was 3.1%, 60 basis points worse than the prior-year quarter. Net margin was 39.4%, 3,880 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $31.38 billion. On the bottom line, the average EPS estimate is $0.40.
Next year's average estimate for revenue is $131.05 billion. The average EPS estimate is $1.46.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 9,289 members out of 11,675 rating the stock outperform, and 2,389 members rating it underperform. Among 1,894 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,525 give Ford Motor a green thumbs-up, and 369 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ford Motor is outperform, with an average price target of $16.25.
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