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- Ford Q4 2023 results arrive above estimates – the stock is rising
- Home
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- Ford Q4 2023 results arrive above estimates – the stock is rising
- Founded: 1903
- Headquarters: Ford World Headquarters, Dearborn, Michigan, United States
- Number of employees: 173,000 (2022)
- Industry: Automotive
- Key people: William Clay Ford Jr. (Executive Chairman), Jim Farley (President & CEO)
- 5 day: +2.46%
- 1 month: +1.94%
- 3 months: +18.68%
- Year-to-date: -0.98%
- 1 year: -10.26%
- UBS Group: $12
- BNP Paribas: $12
- HSBC: $11.30
- Barclays: $14
- Morgan Stanley: $15
- Royal Bank of Canada: $12
- Daiwa Capital Markets: $13
- Jefferies Financial Group: $15
- JP Morgan Chase & Co.: $16
- The Goldman Sachs Group: 14
- Citigroup: $17
- Wells Fargo & Company: $11
- Benchmark: $20
- Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours
- Reduce your risk and hedge your existing positions ahead of a new trading day
- Extended trading hours on popular US stocks means extended opportunities
News & AnalysisNews & AnalysisFord Q4 2023 results arrive above estimates – the stock is rising
7 February 2024 By Klavs ValtersFord Motor Company (NYSE: F) released the latest financial results for Q4 of last year after the market closed on Tuesday.
World’s 11th largest automaker did not disappoint investors and topped both revenue and earnings per share estimates (EPS).
The company achieved revenue of $46 billion in the last 3 months of 2023 vs. $43.062 billion expected, up by 4.5% year-over-year.
EPS was reported at $0.29, beating Wall Street estimate by 140.22% at $0.121 per share
Company overview
CEO commentary
”We’re the only company that gives customers such a wide range of choices – gas, hybrid and electric vehicles – made possible by our Ford+ plan and the talented team that’s carrying it out,” Jim Farley, CEO of Ford highlighted what separates the company from the competition.
”Ford is creating a product, software and services powerhouse with huge potential for this year and the long haul,” Farley concluded his statement to investors.
Stock reaction
Shares were up by 4.14% at market close on Tuesday, trading at $12.07. The stock rose in the after-hours by around 6% as investors digested the results.
Stock performance
Ford stock price targets
Ford Motor Company is the 367th largest company in the world with a market cap of $48.31 billion, according to CompaniesMarketCap.
You can trade Ford Motor Company (NYSE: F) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go to “Trading” then select “Share CFDs”.
GO Markets offers pre-market and after-market trading on popular US Share CFDs.
Why trade during extended hours?
Sources: Ford Motor Company, TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
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Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
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