From Nasdaq: 2024-05-24 11:31:08

Ford Motor Company’s stock has dropped by 7.1% since its last earnings report, underperforming the S&P 500. Despite this, Ford’s Q1 earnings beat estimates with an adjusted EPS of 49 cents and revenues of $42.8 billion. The company saw declines in the Ford Blue and Ford Model e segments, while Ford Pro segment exceeded expectations.

Ford also reported first-quarter revenues of $2.89 billion from the Ford Credit unit and declared a dividend of 15 cents per share for the second quarter of 2024. The company’s 2024 guidance remains unchanged with adjusted EBIT expected between $10-$12 billion and adjusted free cash flow in the range of $6.5-$7.5 billion.

Fresh estimates for Ford have trended upward over the past month, with the stock having an average Growth Score of C and an aggregate VGM Score of A. The Zacks Rank for Ford is #3 (Hold), with an in-line return expected in the next few months. Another industry player, Tesla, has seen a 2.1% increase in stock value over the past month.

Tesla reported revenues of $21.3 billion in the last quarter, with EPS of $0.45. Analysts expect earnings of $0.60 per share for the current quarter, with a Zacks Rank #3 (Hold) and a VGM Score of F. Download Zacks’ free Special Report for insights on potential stock opportunities under different election outcomes, with options in various sectors showing significant growth potential.



Read more at Nasdaq: Ford Motor (F) Down 7.1% Since Last Earnings Report: Can It Rebound?