Ford Q4 Earnings Highlights: Revenue Beat, EPS Beat, Supplemental Dividend, EV Update And More
Portfolio Pulse from Chris Katje
Ford Motor Company (NYSE: F) reported Q4 earnings with a revenue of $46 billion, up 4% YoY, surpassing the consensus estimate of $39.53 billion. EPS was 29 cents, beating the 13 cents estimate. Segment sales showed growth, especially in Ford Pro (+11%) and Ford Model e (+2%). The company emphasized its commitment to EVs, projecting the next generation of electric vehicles to be profitable within a year of launching. Ford announced a Q1 dividend of 15 cents per share and a supplemental dividend of 18 cents, payable on March 1. The company expects full-year adjusted EBIT to be between $10 billion and $12 billion, with free cash flow between $6 billion and $7 billion. Ford shares rose 7% in after-hours trading.
February 06, 2024 | 9:33 pm
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POSITIVE IMPACT
Ford's Q4 earnings exceeded expectations with significant revenue and EPS beats, a strong focus on EV growth, and the announcement of dividends. The company's optimistic outlook for EV profitability and expected financial performance for the next fiscal year could positively influence investor sentiment.
Ford's Q4 earnings report was significantly positive, with revenue and EPS exceeding expectations and a strong emphasis on the growth and future profitability of its EV segment. The announcement of dividends and a positive financial outlook for the next fiscal year further support a bullish short-term impact on Ford's stock price. The after-hours trading response, with shares up 7%, indicates immediate positive market reaction.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100