Ford Motor Q2 Adj. EPS $0.72 Beats $0.55 Estimate, Sales $45.00B Beat $40.38B Estimate
Portfolio Pulse from Bill Haddad
Ford Motor reported Q2 earnings of $0.72 per share, beating the analyst consensus estimate of $0.55 by 30.91%. This is a 5.88% increase over earnings of $0.68 per share from the same period last year. The company also reported quarterly sales of $45.00 billion, beating the analyst consensus estimate of $40.38 billion by 11.44%. This is a 18.71% increase over sales of $37.91 billion the same period last year.
July 27, 2023 | 8:07 pm
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POSITIVE IMPACT
Ford's Q2 earnings and sales beat estimates, with earnings per share increasing by 5.88% YoY and sales increasing by 18.71% YoY.
Ford's Q2 earnings and sales have exceeded analyst estimates, which is generally a positive signal for the company's stock. The YoY increase in both earnings and sales indicates strong financial performance, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100