The 10-second takeaway
For the quarter ended March 31 (Q1), Ford Motor missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly and GAAP earnings per share shrank significantly.
Margins dropped across the board.
Ford Motor recorded revenue of $30.50 billion. The 11 analysts polled by S&P Capital IQ expected revenue of $31.51 billion on the same basis. GAAP reported sales were 2.0% lower than the prior-year quarter's $33.11 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.39. The 17 earnings estimates compiled by S&P Capital IQ predicted $0.35 per share. GAAP EPS of $0.35 for Q1 were 43% lower than the prior-year quarter's $0.61 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 15.0%, 180 basis points worse than the prior-year quarter. Operating margin was 6.1%, 240 basis points worse than the prior-year quarter. Net margin was 4.3%, 340 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $33.05 billion. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $131.12 billion. The average EPS estimate is $1.47.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 9,385 members out of 11,773 rating the stock outperform, and 2,388 members rating it underperform. Among 1,815 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,417 give Ford Motor a green thumbs-up, and 398 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 $16.06.
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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. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.