- Adjusted EPS: 47 cents, missing the estimate of 67 cents.
- Total Revenue: $47.8 billion, a 6.2% increase year-over-year.
- Ford Blue Revenue: $26.7 billion, exceeding the estimate of $25.63 billion.
- Ford Model e Revenue: $1.1 billion, below the estimate of $1.31 billion.
- Ford Pro Revenue: $17.0 billion, surpassing the estimate of $16.48 billion.
- Adjusted EBIT: $2.8 billion, a 26% decline year-over-year, missing the estimate of $3.73 billion.
- Adjusted EBIT Margin: 5.8% versus the estimated 7.99%, compared to 8.4% last year.
- Ford Blue EBIT: $1.17 billion, below the estimate of $2.43 billion.
- Ford Model e EBIT Loss: $1.14 billion, narrower than the estimated loss of $1.38 billion.
- Ford Pro EBIT: $2.56 billion.
- Year Forecasts:
- Sees adjusted free cash flow between $7.5 billion and $8.5 billion, versus the previous range of $6.5 billion to $7.5 billion.
- Adjusted EBIT forecast remains $10 billion to $12 billion, against an estimate of $11.23 billion.
- Sees Ford Pro EBIT rising to $9 billion to $10 billion from $8 billion to $9 billion.
- Ford Blue EBIT forecasted at $6 billion to $6.5 billion, previously saw $7 billion to $7.5 billion.
- Ford Credit EBT continues to be about $1.5 billion.
- Ford Model e EBIT loss projected to stay between $5 billion and $5.5 billion.
- Capital expenditure forecast remains at $8 billion to $9 billion, against the estimate of $8.39 billion.
- Anticipated Full Year Loss for Ford Model e: $5 billion to $5.5 billion remains the same.
- Analyst Recommendations: 11 buys, 15 holds, and 3 sells.
Ford Motor Co on Smartkarma
Analyst coverage of Ford Motor Co on Smartkarma reveals optimistic sentiments from Baptista Research. In their report titled “Ford Motor Company: Will Its Expansion Of Hybrid Vehicles Compensate For The EV Demand Slowdown? – Major Drivers,” the analysts delve into Ford’s first-quarter 2024 earnings, emphasizing the company’s transition towards a high-growth, high-margin business model. While addressing challenges in the electrification segment, Baptista Research aims to assess the various factors shaping Ford’s future stock price through an independent valuation using a Discounted Cash Flow (DCF) methodology.
In another report by Baptista Research titled “Ford Motor Company: Multifaceted Approach to the Current EV Market,” the analysts highlight Ford’s significant achievements discussed during the fourth-quarter 2023 earnings call. CEO Jim Farley’s strategic emphasis on hybrid and electric vehicles has proven beneficial, with hybrid sales increasing by 20% in the previous year and anticipated to grow by another 40% in the upcoming year. The positive outlook from Baptista Research underscores Ford’s proactive stance in adapting to the evolving automotive landscape.
A look at Ford Motor Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have evaluated Ford Motor Co using a series of Smart Scores to gauge its long-term outlook. With a solid Value score of 4 and an impressive Dividend score of 5, Ford seems to be in a good financial position and is offering attractive returns to investors. However, there are some concerns as reflected in the Growth score of 3 and Resilience score of 2, indicating room for improvement in terms of expansion and stability. On the bright side, Ford shows promising Momentum with a score of 4, suggesting positive market trends and investor sentiment.
Despite facing challenges, Ford Motor Co remains a strong player in the automotive industry. The company designs, manufactures, and services cars and trucks, in addition to offering vehicle-related financial services through its subsidiary. While some aspects of its outlook may need attention, particularly in growth and resilience, Ford’s value, dividend, and momentum scores hint at potential opportunities for investors looking for a reliable and rewarding long-term investment.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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