Ford Motor Company Will Report Earnings After the Bell. What Wall Street Expects

(CTN News) – The Ford Motor company is expected to announce its earnings for the fourth quarter of 2018 and 2023 after the markets close on Tuesday.

Wall Street expects the following in the fourth quarter, based on an average analyst’s estimate compiled by LSEG, formerly known as Refinitiv, based on average estimates from analysts:

• The adjusted earnings per share were 14 cents

• Revenues from the automotive sector amounted to $40.12 billion in 2015

This would represent a decline in adjusted earnings per share of 73.4% compared to a year ago, as well as a decline in automotive revenue of 3.9% compared to a year earlier.

There were $41.8 billion in automotive revenue, $1.3 billion in net income, and $2.6 billion in adjusted earnings before interest and taxes in Ford’s 2022 fourth-quarter results.

Wall Street will be looking forward to 2024 guidance in addition to its earnings for the year. As compared to 2023, analysts expect it to be flat or slightly lower than in 2023.

On the other hand, General Motors, Ford’s crosstown rival across town, announced last week that its earnings were ahead of expectations.

According to investor notes from several analysts, Ford is expected to report earnings for the current quarter around $9 billion to $11 billion, depending on how the forecast goes.

Due to the ongoing contract negotiations between and the United Auto Workers union, Ford forecast adjusted EBIT for 2023 of $10.5 billion to $10 billion, a drop of about $1 billion from its previous guidance.

Ford’s stock price will also be closely watched by Wall Street for any additional actions takes to counteract rising labor costs as a result of the new UAW contract, which the company stated is expected to cost $8.8 billion over the life of the contract, which will end in April 2028.

Among the headwinds Ford will face this year are lower vehicle prices, warranty costs, and losses in the all-electric vehicle market. In the second quarter, Ford Pro fleet units and its traditional internal combustion engine business are likely to grow.

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