The 10-second takeaway
For the quarter ended March 31 (Q1), Ford beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share increased. GAAP earnings per share expanded.
Gross margins dropped, operating margins dropped, net margins increased.
Ford logged revenue of $33.90 billion. The 12 analysts polled by S&P Capital IQ expected to see revenue of $33.38 billion on the same basis. GAAP reported sales were 10% higher than the prior-year quarter's $32.45 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 $0.41. The 18 earnings estimates compiled by S&P Capital IQ predicted $0.37 per share. Non-GAAP EPS of $0.41 for Q1 were 5.1% higher than the prior-year quarter's $0.39 per share. GAAP EPS of $0.40 for Q1 were 14% higher than the prior-year quarter's $0.35 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 6.0%, 900 basis points worse than the prior-year quarter. Operating margin was 6.0%, 10 basis points worse than the prior-year quarter. Net margin was 4.5%, 20 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $34.86 billion. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $136.24 billion. The average EPS estimate is $1.42.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 9,740 members out of 12,132 rating the stock outperform, and 2,392 members rating it underperform. Among 1,937 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,574 give Ford a green thumbs-up, and 363 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 $15.43.
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.
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 recommends Ford and recommends the following options:Long Jan 2014 $10 Calls on Ford and Long Jan 2014 $10 Puts on Ford. The Motley Fool owns shares of Ford. 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.