Ford Earnings: Anticipation and Analysis as Wall Street Awaits Q1 Results

Wall Street is eagerly anticipating the release of Ford’s first-quarter earnings and revenue, which will be announced after the markets close on Wednesday. This follows in the footsteps of General Motors (GM) and Tesla (TSLA), who have already released their own quarterly results.

Ford management recently reaffirmed their guidance for an annual core profit of $10 billion to $12 billion on March 26. However, investors and analysts are eager to see how this guidance pans out in light of recent developments at the company. In particular, they are interested in seeing the losses from Ford’s EV efforts in Q1.

Wall Street analysts predict that Ford’s earnings per share will fall by 32% to 43 cents in Q1, with revenue expected to grow more than 3% to $42.93 billion. Earlier in the month, Ford announced that U.S. sales had grown by 6.8% in Q1, with overall EV sales jumping by 82%. The company has emphasized the importance of hybrids as they shift investments from EVs to hybrid vehicles, and this is reflected in their Q1 results.

Ford’s stock was up by 0.3% to 12.97 on Wednesday, following a 0.5% increase on Tuesday. The company’s stock has gained 6.7% for the week but it is still below the official buy point from a cup-with-handle base according to MarketSurge . General Motors recently raised its full-year earnings guidance for 2024 , expecting full-year earnings of $9 billion-$10 billion on adjusted EBIT between $12 billion -$14 billion . This was an increase from their previous forecast of $8 billion-$9 billion on adjusted EBIT between $12 million -$14 million . Wall Street predicts full-year earnings of $8 .89 per share on $172 .37 billions in sales .