Ford Stock Sees Uptick Amid Mixed Analyst Ratings
Ford Motor Company (NYSE: F) saw a 2% increase in shares, reaching $11.30 amid mixed analyst ratings. StockNews.com upgraded Ford to ‘hold’, while Morgan Stanley downgraded it to ‘equal weight’. With a current average target price of $12.56, investors are closely watching Ford’s performance in the competitive automotive market.
Ford Set to Announce Q3 Earnings Amidst High Expectations and Competitive Pressure
Ford Motor Company is set to announce its third-quarter earnings on October 28, 2024, with analysts forecasting a 1.7% increase in automotive revenue and a significant 19.9% rise in adjusted earnings per share. Following a challenging second quarter, this earnings report is critical for Ford to regain investor confidence and demonstrate its resilience in the competitive automotive landscape, especially in the evolving electric vehicle market.
Ford’s First-Quarter Earnings for 2024 Show Successes and Challenges in EV Market
Ford’s first-quarter earnings for 2024 have been making headlines, with the company experiencing a mix of successes and challenges in the electric vehicle (EV) market. Despite beating analyst expectations overall, Ford faced an 84% decline in EV revenue in Q1 2024. One of the key highlights for Ford was the significant increase in EV sales, with the F-150 Lightning emerging as the top-selling electric pickup in the US and the Mustang Mach-E securing its position as the second best-selling electric SUV. However, Ford announced delays in EV production at its BlueOval City facility, pushing the timeline to 2026.
Ford Motor Company Exceeds Expectations for Fourth Quarter and Provides Positive 2024 Outlook
Ford Motor Company has exceeded Wall Street’s expectations for the fourth quarter, reporting better-than-expected financial results and providing a positive outlook for 2024. The company’s forecast includes adjusted earnings before interest and taxes (EBIT) of between $10 billion and $12 billion, adjusted free cash flow of $6 billion to $7 billion, and capital spending of $8 billion to $9.5 billion, surpassing analyst expectations. Ford also announced a special dividend of 18 cents per share and a first-quarter regular dividend of 15 cents per share, leading to a surge in shares during afterhours trading.