Ford Q4 Revenue of $42.5B Tops Estimates, EPS Misses by 22%
Ford reported Q4 revenue of $42.5 billion, down 5.4% year-over-year but 3.3% above forecasts, while EPS fell to $0.13 from $0.39 a year ago, missing estimates by 22.2%. Wholesale shipments totaled 712k Ford Blue (versus 636.9k est), 334k Ford Pro (345.3k est) and 37k Model e (40.2k est).
1. Q4 Earnings Overview
Ford reported quarterly revenue of $42.5 billion, down 5.4% year-over-year, representing a 3.3% surprise over the $41.16 billion consensus estimate. EPS declined to $0.13 from $0.39 a year ago, falling 22.2% short of the $0.17 forecast as margins tightened.
2. Wholesale Shipments vs Estimates
Wholesale shipments reached 712,000 Ford Blue units versus the 636,900 average estimate, while Ford Pro volumes came in at 334,000 against 345,300 expected. EV output via Model e totaled 37,000 units compared with an estimated 40,160 units, reflecting continued pressure on electric vehicle deliveries.
3. Segment Profitability Metrics
Revenues excluding Ford Credit hit $42.45 billion versus a $40.54 billion estimate, while Ford Credit revenue rose 4.2% year-over-year to $3.4 billion. Adjusted EBIT for Ford Credit was $701 million (versus $573.8 million est), Ford Blue generated $727 million (vs $779.3 million est) and Ford Pro produced $1.23 billion (vs $1.43 billion est).