Jul 26, 2011
Ford (NYSE:F) reported Q2 EPS of $0.65, ex-items, ahead of consensus estimates of $0.60 per share. Auto sector revenues rose 16.3% year-over-year to $33.5 billion, topping consensus estimates of $31.6 billion.
The company expects full year industry volume of 13 to 13.5 million units, in line with its previous estimate.
Chairman and CEO Mike Bannister said, "Ford Credit's business continues to perform well, with low credit losses and strong originations capability. We continue to succeed in our mission to support Ford sales."
Ford Motor has a potential upside of 49.3% based on a current price of $13.17 and an average consensus analyst price target of $19.67.
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