Ford Motor Co

F: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$77.00	Ccny	Bvyfrndj

Ford Earnings: Pro Segment Profits Explode and Help Management Boost Guidance

David Whiston

Jul 28, 2023

Ford’s second quarter showed remarkable strength from the Ford Pro commercial vehicle segment driving adjusted diluted EPS up 5.9% year over year to $0.72, beating the $0.55 Refinitiv consensus. We raise our per share fair value estimate to $20 from $19 on time value of money and 2023 revenue progressing ahead of our prior model.

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