Is Ford Stock a Buy?
Ford's (NYSE: F) 2023 first-quarter net sales of $41.5 billion were up 20% year over year, an acceleration from the 17% gain posted in the last three months of 2022. Adjusted earnings per share also skyrocketed 66% compared to Q1 2022. The top- and bottom-line figures handily crushed Wall Street expectations.
Besides its impressive recent financials, a clear sign of business momentum, there's a lot to unpack with this leading automotive business. Should investors buy Ford stock right now? Let's take a closer look at what you need to know before making an informed decision for your portfolio.
Like its rivals in the industry, Ford battled with major headwinds throughout 2022. That helps explain why the stock was down a jaw-dropping 44% last year. That's a worse performance than the 19% decline for the S&P 500.
Source Fool.com
