Ford Motor (F) Tops Q1 EPS by 21c

Ford Motor (NYSE: F) reported Q1 EPS of $0.63, $0.21 better than the analyst estimate of $0.42. Revenue for the quarter came in at $41.5 billion versus the consensus estimate of $39.25 billion.

Outlook:

Ford is maintaining the full-year 2023 performance expectations that the company first articulated in early February: for adjusted EBIT of $9 billion to $11 billion and adjusted free cash flow of about $6 billion. Additionally, the company reaffirmed 2023 segment-level EBIT expectations: about $7 billion for Ford Blue, up modestly from last year; a full-year loss of about $3 billion for Ford Model e; and EBIT approaching $6 billion for Ford Pro, which would be nearly twice its 2022 earnings.

For earnings history and earnings-related data on Ford Motor (F) click here.

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