Ford's 2Q Has Bright Spots if You Look Past Guidance Missing Consensus
We are not changing our Ford fair value estimate following second-quarter results that missed consensus with adjusted diluted EPS of $0.28 versus consensus of $0.31. Excluding a mark-to-market charge (required adjustment each quarter under GAAP) for the company's investment in Pivotal Software, adjusted EPS beat by a penny and would have been up $0.05 from $0.27 in second-quarter 2018. We saw bright spots in the quarter but the stock fell over 5% after hours on July 24 due to new 2019 guidance o...Ford Motor designs, manufactures, markets, and services a line of Ford cars, trucks, sport utility vehicles, electrified vehicles, and Lincoln vehicles, as well as provides financial services through its subsidiary, Ford Motor Credit Company LLC. The company is engaged in electrification; mobility solutions, including self-driving services; and connected vehicle services. The company has three operating segments: Automotive, which includes the sale of Ford and Lincoln vehicles, service parts, and accessories; Mobility, which includes its autonomous vehicles and its investment in mobility through Ford Smart Mobility LLC; and Ford Credit, which includes vehicle-related financing and leasing activities.
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