Ford Motor (F) Earnings Preview: What to Expect on October 28th
Get ready for a key moment in the automotive industry: Ford Motor is set to release its latest quarterly earnings report on Monday, October 28th, 2024. Investors are closely watching, hoping for positive news that could drive stock prices higher.
What to Watch For:
Analysts are predicting an earnings per share (EPS) of $0.50 for the quarter. The market is keen to hear if Ford will surpass these estimates and offer upbeat guidance for the upcoming quarter. Remember, guidance – a company’s prediction of future performance – can be a powerful influencer of stock prices.
Looking Back at Ford’s Recent Performance:
Last quarter, Ford missed EPS expectations by $0.21, resulting in an 18.36% drop in the share price the following day. Here’s a snapshot of Ford’s recent earnings history and the subsequent stock price changes:
| Quarter | EPS Estimate | EPS Actual | Price Change % |
|—|—|—|—|
| Q2 2024 | 0.68 | 0.47 | -18.0% |
| Q1 2024 | 0.42 | 0.49 | 1.0% |
| Q4 2023 | 0.13 | 0.29 | 6.0% |
| Q3 2023 | 0.45 | 0.39 | -12.0% |
Analyst Insights:
To gauge market sentiment, it’s essential to understand what analysts are saying. Analysts have provided Ford Motor with 7 ratings, resulting in a consensus rating of Neutral. The average one-year price target sits at $12.14, suggesting a potential 8.01% upside.
Comparing Ford to its Peers:
We’ll now dive into how Ford stacks up against some key competitors: General Motors, Rivian Automotive, and Lucid Gr.
| Company | Consensus | Revenue Growth | Gross Profit | Return on Equity |
|—|—|—|—|—|
| Ford Motor | Neutral | 6.35% | $4.56B | 4.24% |
| General Motors | Outperform | 10.48% | $6.40B | 4.34% |
| Rivian Automotive | Neutral | 3.30% | $-451M | -19.57% |
| Lucid Gr | Neutral | 32.95% | $-269.77M | -20.40% |
Key Takeaways:
* Ford Motor is currently in the middle ground among its peers in terms of revenue growth.
* However, it falls behind in gross profit, ranking at the bottom.
* Regarding return on equity, Ford Motor also sits at the bottom compared to its competitors.
About Ford Motor:
Ford Motor Co. is a leading manufacturer of automobiles, producing vehicles under its iconic Ford and Lincoln brands. In March 2022, the company made a significant strategic move by separating its combustion engine business (Ford Blue) from its electric vehicle (EV) business (Ford Model e). Despite this separation, both operations fall under the Ford Motor umbrella.
Ford holds a substantial market share, with approximately 13% in the United States, 11% in the United Kingdom, and under 2% in China (including unconsolidated affiliates). The United States accounts for roughly 66% of Ford’s total revenue. With a workforce of approximately 177,000 employees (including about 59,000 UAW employees), Ford is headquartered in Dearborn, Michigan.
Financial Health Indicators:
*
Market Capitalization:
Ford’s market capitalization currently falls below industry benchmarks, reflecting a smaller scale compared to its peers. This could be attributed to factors such as growth expectations or operational capacity.*
Revenue Growth:
Ford Motor has demonstrated impressive revenue growth over the past three months. As of June 30, 2024, the company achieved a 6.35% revenue growth rate, indicating a substantial increase in its top-line earnings. However, compared to its industry peers, Ford’s growth rate is lower than the average within the Consumer Discretionary sector.*
Net Margin:
Ford Motor’s net margin surpasses industry standards, highlighting the company’s strong financial performance. With an impressive 3.83% net margin, Ford effectively manages costs and achieves high profitability.*
Return on Equity (ROE):
Ford Motor’s exceptional ROE, which surpasses industry averages, reflects its financial strength. The company’s impressive ROE of 4.24% showcases its efficient use of equity capital and sound financial health.*
Return on Assets (ROA):
Ford Motor stands out with its ROA, exceeding industry averages. The company’s impressive ROA of 0.66% demonstrates its effective utilization of assets.*
Debt Management:
Ford Motor’s debt-to-equity ratio is notably higher than the industry average. With a ratio of 3.51, the company relies more heavily on borrowed funds, suggesting a higher level of financial risk.To stay up-to-date on all earnings releases for Ford Motor, visit our earnings calendar on our site.