Ford Motor Co. (NYSE:F) is a global automotive, financial services, and mobility company. The company’s product line boasts of heavyweights such as the legendary Ford Mustang and the F-Series truck, which has been the highest-selling vehicle in the United States for the last 34 years. It also owns the luxury vehicle brand, Lincoln.
Let’s take a quick look at this Michigan-based automobile giant’s third-quarter release.
Estimate Trend & Surprise History
Investors should note that the Zacks Consensus Estimate for earnings for the third quarter have increased in the past seven days.
The company delivered positive earnings surprises in three of the trailing four quarters with an average beat of around 14.9%.
Ford Motor Company Price and EPS Surprise
Ford Motor Company Price and EPS Surprise | Ford Motor Company Quote
Earnings
Ford raked in adjusted earnings of 43 cents per share that beat the Zacks Consensus Estimate of 33 cents. Adjusted earnings were up by 17 cents from the year-ago quarter figure.
Revenues
Ford logged automotive revenues of $33.6 billion, surpassing the Zacks Consensus Estimate of $32.9 billion. Automotive revenues in the prior year-ago quarter were $33.3 billion.
Key Stats/Developments to Note
Automotive profits during the quarter were driven by North America and a record pre-tax profit in the Asia-Pacific region.
The company expects 2017 adjusted EPS to be in the range of $1.75–$1.85, up from the prior guidance of $1.65–$1.85.
Zacks Rank
Ford currently has a Zacks Rank #4 (Sell), but that could change following its earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on Ford’s earnings report!
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Ford Motor Company (F): Free Stock Analysis Report
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