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 Pictures
DETROIT — Ford Motor is ready to report its third-quarter earnings after the bell Monday.
Here’s what Wall Road is anticipating, based on 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 12 months earlier and a 19.9% improve in adjusted earnings per share.
Ford’s 2023 third quarter included $41.18 billion in automotive income, internet earnings 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 wherein sudden guarantee prices precipitated the corporate to overlook Wall Road’s earnings expectations.
Ford’s inventory is down by greater than 7% this 12 months.
The automaker is underneath strain to carry out following crosstown rival Basic Motors simply topping Wall Road’s third-quarter expectations and elevating key 2024 steerage targets.
Ford’s 2024 steerage as of its second-quarter leads to late July included adjusted earnings earlier than curiosity and taxes, or EBIT, of between $10 billion and $12 billion and adjusted free money move of between $7.5 billion and $8.5 billion.
That is breaking information. Please examine again for updates.
