Ford Motor Co reports results for the quarter ended September 30 - Earnings Summary

• Ford Motor Co F.N reported quarterly adjusted earnings of 49 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 45 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 40 cents per share. Wall Street expected results to range from 37 cents to 46 cents per share.

• Revenue fell 2.3% to $46.08 billion from a year ago; analysts expected $46.24 billion.

• Ford Motor Co's reported EPS for the quarter was 50 cents​.

• The company reported quarterly net income of $2.05 billion.

• Ford Motor Co shares had fallen by 2.9% this quarter and lost 10.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 15 "hold" and no "sell" or "strong sell." The average consensus recommendation for the auto & truck manufacturers peer group is also "buy"

• Wall Street's median 12-month price target for Ford Motor Co is $15.00, about 20.3% above its last closing price of $11.95

This summary was machine generated from LSEG data October 28 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)