Ford 1Q Adjusted EPS Beats Estimates
- Adjusted EPS for Ford clocked in at 49c, beating the estimated 42c.
- Ford reported total revenue of $42.78 billion for the first quarter.
Year Forecast Updates
- Ford’s estimated adjusted free cash flow has increased, now expected between $6.5 billion and $7.5 billion, compared to the previous forecast range of $6 billion to $7 billion.
- Projected capital expenditure is now between $8 billion and $9 billion, previously expected between $8 billion and $9.5 billion, with the original estimation being $8.59 billion.
- The adjusted Ebit remains the same, forecasted between $10 billion and $12 billion, with the original estimate at $10.45 billion.
Comments
- Ford’s CFO, John Lawler, has expressed confidence in the company’s financial stability, describing their balance sheet as “rock solid.”
- At the end of the quarter, Ford had $25 billion in cash and nearly $43 billion in liquidity.
- The company’s FY Adjusted Ebit Forecast was reaffirmed.
Buy, Hold, Sell Recommendations
- There’s more cautious optimism amongst investors, with 11 buy recommendations, 14 hold, and 4 sell.
Ford Motor Co on Smartkarma
Analysts on Smartkarma, such as Baptista Research, are closely following Ford Motor Co‘s trajectory, particularly in the electric vehicle (EV) market. In their report titled “Ford Motor Company: Multifaceted Approach to the Current EV Market,” Baptista Research expresses a bullish sentiment towards Ford’s strategies. The report highlights CEO Jim Farley’s positive assessment during the fourth-quarter 2023 earnings call, emphasizing the company’s strong performance and increased focus on hybrid and electric vehicles. Ford’s success is evident with a 20% surge in hybrid sales in the previous year, a trend that is expected to continue with a projected 40% increase in the upcoming year.
A look at Ford Motor Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
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 their Smart Scores, which provide a comprehensive overview of the company’s long-term prospects. Ford Motor Co has received a high score of 5 in both Dividend and Growth categories, indicating strong potential in terms of dividend yield and future growth opportunities. With a solid score of 4 in Value, the company is also deemed to have a favorable valuation compared to its peers. However, Ford Motor Co‘s lower score of 2 in Resilience suggests some vulnerability in dealing with economic uncertainties, while a score of 4 in Momentum indicates decent market performance and investor sentiment.
Overall, Ford Motor Co‘s robust performance in Dividend and Growth highlights its potential for generating shareholder returns and expanding its market presence. Despite facing challenges in resilience, the company’s strong momentum reflects positive market sentiment. As Ford Motor Company designs, manufactures, and services cars and trucks while also offering vehicle-related financial services, the company’s strategic positioning and favorable Smart Scores indicate a promising outlook for long-term investors.
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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