Ford Motor Q2 2024 Adj EPS $0.47 Misses $0.68 Estimate, Sales $47.800B Beat $44.024B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ford Motor (NYSE:F) reported Q2 2024 earnings per share (EPS) of $0.47, missing the analyst consensus estimate of $0.68 by 30.88%. However, the company reported quarterly sales of $47.8 billion, beating the analyst consensus estimate of $44.024 billion by 8.58%. This represents a 12.66% increase over sales of $42.427 billion in the same period last year.
July 24, 2024 | 8:07 pm
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NEUTRAL IMPACT
Ford Motor's Q2 2024 EPS missed estimates significantly, but sales exceeded expectations and showed a strong year-over-year increase.
The mixed results, with a significant EPS miss but a strong sales beat, create a neutral short-term outlook. Investors may be concerned about profitability but encouraged by revenue growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100