The company's sales declined 7.5% in the month of January, while analysts had expected only a 2.3% decrease. A number of Ford brand vehicles declined year over year, particularly the Focus, which fell 26%. The Fusion declined 8% and the F-series pickup, the company's best seller, stayed flat at 46,536 sales.
The news was not all bad, though, as Ford's Lincoln sales rose 42.5%. Sales of the MKZ sedan were more than four times last January's sales at 2,122. Sales of the MKX crossover also rose 35.5%, and Ford noted that the Lincoln brand had its best January sales in four years.
TheStreet Ratings team rates FORD MOTOR CO as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate FORD MOTOR CO (F) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, increase in stock price during the past year and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."
Highlights from the analysis by TheStreet Ratings Team goes as follows: