Ford Gets No Love From Wall Street After Topping Q2 Estimates
Despite recently playing an executive game of musical chairs, Ford Motor Company (NYSE: F) managed to turn in a solid second-quarter performance. Revenue and net income rose, the latter beat estimates, and the company pushed its full-year guidance higher. But since automakers still can't get any love from Wall Street, the stock moved 2% lower by midafternoon.
Regardless of the stock-price movement, it was a solid quarter. Here are some of the highlights and takeaways for investors.
Starting from the top: Ford's revenue inched higher during the second quarter to $39.9 billion, a $0.4 billion improvement over the prior year. Net income also crept $0.1 billion higher to $2.0 billion, with adjusted pre-tax profit hitting $2.5 billion. Adjusted earnings per share checked in four pennies higher than the prior year, to $0.56 per share, well above analysts' consensus estimates calling for $0.43 per share.
Source: Fool.com
Ford Motor Co. Stock
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With a target price of 14 € there is a positive potential of 35.9% for Ford Motor Co. compared to the current price of 10.3 €.
