Home Business Ford is about to report outcomes after the bell. Here is what...

Ford is about to report outcomes after the bell. Here is what Wall Road expects


A passing automotive provider is mirrored within the grille of a 2017 Ford Motor Co. F-150 pickup truck on show on the Sutton Ford Lincoln automotive dealership in Matteson, Illinois.

Daniel Acker | Bloomberg | Getty Photos

DETROIT – Ford Motor is anticipated Thursday to report a loss for the fourth quarter because of the coronavirus pandemic and elevated prices to roll out new autos.

Here is what Wall Road is anticipating, primarily based on common analysts’ estimates compiled by Refinitive.

  • Adjusted EPS: a lack of 7 cents a share
  • Automotive income: $33.89 billion

Ford CFO John Lawler in October projected that the automaker’s adjusted pretax earnings for the fourth quarter would fall someplace between a $500 million loss or break even. That might be down from a $485 million revenue throughout the fourth quarter of 2019.

Lawler mentioned the decline would largely be as a consequence of prices associated to new or redesigned autos the corporate launched towards the top of the yr. That included the 2021 F-150 pickup truck in addition to the Bronco Sport SUV and Mustang Mach-E all-electric crossover.

Analysts and buyers are anticipated to look previous the loss and deal with Ford’s steering for 2021. Regardless of a faster-than-anticipated restoration from the pandemic final yr, the trade now faces a scarcity of semiconductor chips that is inflicting automakers to chop car manufacturing.

Ford confirmed plans Thursday to cut shifts next week at vegetation in Michigan and Missouri that produce its worthwhile F-150 pickup vans because of the chip scarcity.

Wall Road is also looking ahead to any additional business changes by Ford CEO Jim Farley, who changed Jim Hackett efficient Oct. 1, and any updates on the corporate’s electrical car plans.