Ford Motor Q4 EPS $0.29 Beats $0.13 Estimate, Sales $46.00B Beat $39.53B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ford Motor (NYSE:F) reported Q4 earnings of $0.29 per share, surpassing the $0.13 estimate, a 123.08% beat. Sales reached $46.00B, exceeding the $39.53B forecast by 16.37%, marking a 4.55% increase from last year's $44.00B. However, earnings per share saw a 43.14% decrease from the previous year's $0.51.
February 06, 2024 | 9:09 pm
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POSITIVE IMPACT
Ford Motor's Q4 earnings and sales significantly exceeded analyst expectations, with a notable year-over-year sales increase but a decrease in EPS.
Ford's significant beat on both earnings per share and sales estimates is likely to positively impact investor sentiment and stock price in the short term. The decrease in EPS year-over-year might temper some of the enthusiasm, but the overall strong performance indicates a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100