FORD MOTOR Reports Second Quarter FY2023 Earnings Results on July 28th 2023

🌥️Earnings Overview

FORD MOTOR ($NYSE:F) announced its financial results for the second quarter of FY2023, ending on June 30 2023, on July 28 2023. Revenue for the quarter totaled USD 44954.0 million, an 11.9% increase year-on-year, and net income was USD 1917.0 million, a 187.4% increase compared to the same period one year prior.

Stock Price

On Friday, July 28th 2023, FORD MOTOR reported its second quarter FY2023 earnings results. Stock opened at $13.6 and closed at $13.3, down by 3.4% from the last closing price of $13.7. Market analysts deemed the results to be underwhelming, leading to the drop in stock price. There was a decrease in the sales of trucks and SUVs due to high gasoline prices and a drop in consumer confidence.

This was higher than what was expected and led to a positive investor sentiment, despite the lower than expected earnings results. FORD MOTOR also announced plans to invest in research and development of new technologies, which could help the company stay competitive in a rapidly evolving market. Overall, FORD MOTOR’s second quarter FY2023 earnings results were slightly disappointing but the company showed that it is well positioned to face any future challenges. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Ford Motor. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Ford Motor. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Ford Motor. More…

Key Ratios Snapshot

Some of the financial key ratios for Ford Motor are shown below. More…

Analysis

At GoodWhale, we have conducted a thorough analysis of the fundamentals of FORD MOTOR. Our Risk Rating for this stock has judged it to be a medium risk in terms of financial and business aspects. Upon digging deeper into the company’s statements, we have identified two risk warnings in their income sheet and balance sheet. These warnings are the reflection of certain emerging risks that you should be aware of before investing in FORD MOTOR. To get a better understanding of the risk warnings and the overall health of the company, we recommend that you register on our website at goodwhale.com. Here, you can access our comprehensive analysis report on FORD MOTOR and make an informed decision about your investments. More…

Peers

In the automotive industry, there is intense competition between Ford Motor Co and its main competitors General Motors Co, Tesla Inc, and Toyota Motor Corp. All four companies are vying for a share of the global market and are constantly innovating to stay ahead of the competition. Ford has been a leader in the industry for many years, but its rivals are constantly closing the gap.

– General Motors Co ($NYSE:GM)

General Motors Co is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services. The company operates through four business segments: GM North America, GM International, GM Cruise, and GM Financial. The company was founded in 1908 by William C. Durant and Charles Stewart Mott and has been publicly traded since 1910.

General Motors Co has a market capitalization of $49.94 billion as of 2022 and a return on equity of 10.52%. The company’s North American segment is its largest, accounting for about 60% of its total revenue. GM North America designs, builds, and sells cars, trucks, crossovers, and SUVs under the Chevrolet, Buick, GMC, Cadillac, and Holden brands. The company’s international segment consists of its operations in China, Europe, the Middle East, and Africa. GM Cruise is the company’s autonomous vehicle subsidiary. GM Financial provides automotive financing solutions through dealerships and digital channels.

– Tesla Inc ($NASDAQ:TSLA)

Founded in 2003, Tesla, Inc. is an American multinational corporation that specializes in electric vehicles, energy storage, and solar panel manufacturing. Based in Palo Alto, California, the company operates multiple production and assembly plants, notably Gigafactory 1 near Reno, Nevada, and its main vehicle manufacturing facility at Tesla Factory in Fremont, California. As of June 2020, Tesla sells the Model S sedan, the Model X SUV, the Model 3 sedan, the Model Y SUV, the Roadster sports car, the Semi truck, and the Cybertruck pickup truck. Tesla also offers vehicle service centers, supercharger stations, and Destination Charging stations.

Tesla’s market cap is $687.33B as of 2022. The company has a Return on Equity of 27.88%.

– Toyota Motor Corp ($TSE:7203)

Toyota Motor Corp is a Japanese multinational automotive manufacturer. As of 2012, Toyota Motor Corp was the largest automotive manufacturer in the world by production volume. The company produces vehicles under five brands, including the Toyota brand, Hino, Lexus, Ranz, and Daihatsu. It also has a majority stake in Subaru and minority stakes in Isuzu, Mazda, and Suzuki. In addition to vehicles, Toyota Motor Corp also manufactures engines, transmissions, and other automotive parts and components.

The company’s market capitalization is 27.48T as of 2022. Its return on equity is 11.32%.

Toyota Motor Corp is a leading manufacturer of automobiles. The company’s products include passenger cars, trucks, buses, and SUVs. Toyota vehicles are sold in more than 170 countries and regions worldwide. The company has manufacturing plants in Japan, North America, Europe, Asia, and Africa.

Summary

Investors should take note of the strong second quarter results posted by FORD MOTOR for FY2023. The company reported an 11.9% increase in total revenue to USD 44954.0 million and a 187.4% increase in net income to USD 1917.0 million compared to the same period in the previous year. Despite the strong performance, the stock price moved down on the same day, indicating that investors may be wary of the company’s prospects going forward. Nevertheless, given the impressive growth in the most recent quarter, FORD MOTOR may be an attractive investment opportunity for those looking for long-term returns.