NEW YORK (TheStreet) -- Shares of Ford Motor Co. are down by 0.70% to $14.93 in mid-afternoon trading on Friday, after the company said it expects a charge relating to its operations in Venezuela to reduce its fourth quarter profit by almost $700 million, Reuters reports. The company estimated that its full year 2014 pretax profit will be unchanged at almost $6 billion. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Ford changed its method of accounting for its Venezuelan operations at the end of December and said this would result in a one-time pre-tax special item charge of $800 million for the fourth quarter, Reuters added. The company has been operating out of Venezuela for over 50 years and said the accounting change would not impact its operations or ownership in the country. Ford said its operations out of Venezuela have been made more difficult as the country's exchange control regulations and other regulatory changes "have constrained parts availability and are now significantly limiting," Reuters said. Ford will report its 2014 fourth quarter and full year financial results next Thursday before the market open. Analyst for Buckingham Research said in a note that Ford's announcement will not be viewed positively, Reuters added. Separately, 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 number of 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 attractive valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income." Highlights from the analysis by TheStreet Ratings Team goes as follows: Net operating cash flow has increased to $5,369.00 million or 39.81% when compared to the same quarter last year. In addition, FORD MOTOR CO has also vastly surpassed the industry average cash flow growth rate of -36.88%. Despite the weak revenue results, F has outperformed against the industry average of 17.1%. Since the same quarter one year prior, revenues slightly dropped by 2.4%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share. The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. In comparison to the other companies in the Automobiles industry and the overall market, FORD MOTOR CO's return on equity significantly exceeds that of the industry average and is above that of the S&P 500. FORD MOTOR CO's earnings per share declined by 32.3% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, FORD MOTOR CO increased its bottom line by earning $1.75 versus $1.42 in the prior year. For the next year, the market is expecting a contraction of 36.0% in earnings ($1.12 versus $1.75). You can view the full analysis from the report here: F Ratings Report STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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