Will Ford Post 69+ eps Q3?
July and August showed weakness in Auto Sales in America.
But, those that actually paid any attention realized that Ford Motor Company sold more cars in China, India, and Brazil than it has in its history during these months. Far surpassing what it did in Q2 of 2010.
Combine that with the fact that in much of Q3 will consist of much smaller interest expense on Ford's debt due to debt repayment in Q2. So the bottom line expenditures are way down in Q3 versus Q2 while Foreign Sales are way up.
Furthermore, I predict September Ford Motor sales will surprise to the upside even the most bullish Ford analyst. I base this on my hunch that Ford spent much more money on incentives to encourage buyers this past September with 36 months 0% Interest + $1,000 off...type deals.
The reality is if we get a surprisingly strong September month in America and in the so states that were strong sales growth countries in the previous 2 months then we will see an EPS that is greater than, not smaller than, Q2.
Which will again put to shame the current 35 cent EPS average expectation of Ford Motor company analysts.