Is it time to test-drive Ford’s stock?

By Money Matters Editors

The lowdown on Ford (F): Ford said it earned 29 cents per share in Q3, which beat the First Call EPS consensus estimate of a loss of 12 cents per share.

However, Ford said continuing revenue gains in its North American unit would be offset by an expected revenue slide in it European division.

Ford also raised its 2011 guidance from its North American operations to “solidly profitable” on a pre-tax basis, from “breakeven or better.” The change means Ford expects to meet its financial goal of registering a full-year profit in 2011. The First Call FY2009/FY2010 EPS estimates are a loss of $1.35 and a profit of 15 cents.