A Ford F-150 Lightning electrical pickup truck is displayed on the market at a Ford dealership on August 21, 2024 in Glendale, California.
Mario Tama | Getty Photographs
DETROIT — Ford Motor is about to report its third-quarter earnings after the bell Monday.
Here’s what Wall Road is anticipating, in accordance with common estimates compiled by LSEG:
- Earnings per share: 47 cents adjusted
- Automotive income: $41.88 billion
These outcomes would mark a 1.7% uptick in automotive income in contrast with the identical interval a yr earlier and a 19.9% improve in adjusted earnings per share.
Ford’s 2023 third quarter included $41.18 billion in automotive income, internet revenue of $1.17 billion, or 30 cents per share, and adjusted earnings earlier than curiosity and taxes of $2.2 billion, or 39 cents per share.
The Detroit automaker will look to rebound from a disappointing second quarter through which sudden guarantee prices brought on the corporate to overlook Wall Road’s earnings expectations.
Ford’s inventory is down by greater than 7% this yr.
The automaker is underneath stress to carry out following crosstown rival Normal Motors simply topping Wall Road’s third-quarter expectations and elevating key 2024 steerage targets.
Ford’s 2024 steerage as of its second-quarter ends in late July included adjusted earnings earlier than curiosity and taxes, or EBIT, of between $10 billion and $12 billion and adjusted free money stream of between $7.5 billion and $8.5 billion.
That is breaking information. Please verify again for updates.
