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Compared to Estimates, Ford Motor (F) Q1 Earnings: A Look at Key Metrics

Zacks Equity Research
·2-min read

For the quarter ended March 2024, Ford Motor Company (F) reported revenue of $39.89 billion, up 2.1% over the same period last year. EPS came in at $0.49, compared to $0.63 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $40.55 billion, representing a surprise of -1.63%. The company delivered an EPS surprise of +16.67%, with the consensus EPS estimate being $0.42.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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Here is how Ford Motor performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Wholesale Units - Ford Blue: 626 thousand versus the three-analyst average estimate of 672.61 thousand.

  • Wholesale Units - Ford Pro: 409 thousand versus the three-analyst average estimate of 351.85 thousand.

  • Wholesale Units - Ford Model e: 10 thousand compared to the 46.91 thousand average estimate based on three analysts.

  • Revenues- Ford Credit: $2.90 billion compared to the $2.66 billion average estimate based on three analysts. The reported number represents a change of +21.4% year over year.

  • Adjusted EBIT- Ford Credit: $326 million versus the four-analyst average estimate of $342.78 million.

  • Adjusted EBIT- Ford Blue: $905 million versus the three-analyst average estimate of $2.10 billion.

  • Adjusted EBIT- Ford Pro: $3.01 billion versus the three-analyst average estimate of $1.83 billion.

  • Adjusted EBIT- Ford Next: -$9 million versus -$43.33 million estimated by three analysts on average.

  • Adjusted EBIT- Corporate Other: -$147 million compared to the -$74.02 million average estimate based on three analysts.

  • Adjusted EBIT- Ford Model e: -$1.32 billion versus the three-analyst average estimate of -$1.26 billion.

View all Key Company Metrics for Ford Motor here>>>

Shares of Ford Motor have returned +4% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Zacks Investment Research