On February 03, Ford Motor Company (F) announced financial results for Q4 and fiscal 2021. Consequently, the stock plunged further in the after hours.
At a near-average volume of 103.02 million shares, F stock lost 3.59% during the regular trading session. F stock closed the session at $19.89 while it did see a high of $20.62. Following the announcement, the stock went down by a further 4.17% at an after-hours volume of 13.62 million shares. Thus, the stock was trading at $19.06 apiece in the after-hours on Thursday.
The automobile company, Ford Motor Company has a market capitalization of $82.44 billion. Currently, the company has 3.93 billion shares outstanding in the market. F stock has lost 4.24% year to date, while it increased by 74.93% last year.
Ford stock’s Key 2021 Financials
The company reported revenue of $37.7 billion for Q4 2021 and $136.3 billion for fiscal 2021. This shows the growth of 5% YOY and 7% YOY, respectively.
Moreover, Ford (F) had adjusted non-GAAP diluted EPS of $0.26 and $1.59 in Q4 and fiscal 2021, respectively. This compares to respective EPS of $0.34 and $0.36 in Q4 and fiscal 2020.
Additionally, the company sold a total of 1,104 automobiles in Q4 2021, against 1,238 in the year-ago quarter. While the total automobiles sold were 4,187 in fiscal 2020, Ford (F) sold only 3,942 in fiscal 2021.
The company had adjusted EBIT of $10.0 billion and adjusted free cash flow of $4.6 billion in fiscal 2021.
Future Outlook
Along with the financial results, the company also provided guidance for the ongoing year 2022. Ford (F) expects adjusted EBIT between $11.5 billion and $12.5 billion for fiscal 2022. Therefore, marking year-over-year growth of 15% to 25%.
Furthermore, the company also expects adjusted free cash flow between $5.5 billion and $6.5 billion for fiscal 2021.
In addition, the company intends to declare its Q1 2022 results on April 27, 2022.
Ford (F)’s Recent Updates
On February 02, the company announced its January 2022, U.S. sales results. According to the results, the company booked more than 90,000 new vehicle orders in January. This shows an increase of 71,000 from January 2021 and 20,000 from December.
While the overall industry was down by 9.0%, the company’s share increased by 1.3% from last year.
Conclusion
While the company beat its revenue expectations, it missed earnings and vehicles sold in the quarter. The company also posted an unimpressive forecast for 2022 amid the ongoing semiconductor shortages. Therefore, F stock went down in the after-hours on Thursday.
