Ford Motor is set to report earnings after the bell. Here's what Wall Street expects

By omshreeinfotech Feb 6, 2024
Ford Motor is set to report earnings after the bell. Here's what Wall Street expects


Ford CEO Jim Farley at the firm’s Dearborn, Michigan, plant the place it is constructing the electrical F-150 Lightning on April 26, 2022.

CNBC | Michael Wayland

DETROIT — Ford Motor is asserting fourth-quarter and 2023 earnings after the markets shut Tuesday.

Here’s what Wall Street expects, based mostly on common analysts’ fourth-quarter estimates compiled by LSEG, previously generally known as Refinitiv:

  • Earnings per share: 14 cents adjusted
  • Automotive income: $40.12 billion

Those outcomes would mark a 73.4% lower in adjusted earnings per share in contrast to a 12 months earlier in addition to a 3.9% decline in automotive income. Ford’s 2022 fourth-quarter results included $41.8 billion in automotive income, internet earnings of $1.3 billion and adjusted earnings earlier than curiosity and taxes of $2.6 billion.

Aside from its earnings, Wall Street will likely be watching Ford’s 2024 steerage. Analysts count on it to be flat to barely decrease in contrast to 2023. However, Ford’s crosstown rival General Motors final week beat expectations for earnings steerage.

Analysts forecast Ford’s steerage to be roughly between $9 billion and $11 billion, in accordance to investor notes from a number of analysts.

Ford in November forecast 2023 adjusted EBIT of $10 billion to $10.5 billion, about $1 billion decrease than earlier steerage in gentle of contract negotiations with the United Auto Workers union.

Wall Street additionally will likely be expecting any further actions by Ford to offset growing labor prices due to the new UAW contract, which the firm stated is expected to cost $8.8 billion over the lifetime of the deal, ending in April 2028.

Ford is anticipated to face headwinds this 12 months, together with decrease car costs, guarantee prices and continued losses for all-electric autos. Bright spots are anticipated to be its Ford Pro fleet unit and conventional Ford Blue inside combustion engine enterprise.

This is breaking information. Please test again for updates.

— CNBC’s Michael Bloom contributed to this report.



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