The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Ford missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share stayed the same.
Margins increased across the board.
Ford recorded revenue of $30.20 billion. The 14 analysts polled by S&P Capital IQ expected revenue of $31.11 billion on the same basis. GAAP reported sales were 2.6% lower than the prior-year quarter's $33.05 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 $0.40. The 20 earnings estimates compiled by S&P Capital IQ anticipated $0.30 per share. GAAP EPS of $0.41 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 17.6%, 340 basis points better than the prior-year quarter. Operating margin was 8.6%, 310 basis points better than the prior-year quarter. Net margin was 5.1%, 10 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $33.29 billion. On the bottom line, the average EPS estimate is $0.25.
Next year's average estimate for revenue is $126.37 billion. The average EPS estimate is $1.29.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 9,552 members out of 11,943 rating the stock outperform, and 2,391 members rating it underperform. Among 1,822 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,427 give Ford a green thumbs-up, and 395 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ford is outperform, with an average price target of $13.82.
If you're looking for an edge in the transportation segment of the market, consider strong, smaller brands that sell their products to folks like you and me. We've got a couple to offer, plus a home-owner's trusted go-to company, in our new special report, "Middle-Class Millionaire-Makers: 3 Stocks Wall Street's Too Rich to Notice." Click here for instant access to this free report.
- Add Ford to My Watchlist.