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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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Ford Motor. Motley Fool newsletter services have recommended buying shares of Ford Motor. Motley Fool newsletter services have recommended creating a synthetic long position in Ford Motor. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.