A Ford F-150 Lightning electric pickup truck is offered for sale at a Ford dealership on August 21, 2024 in Glendale, California.
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DETROIT — ford motor It is scheduled to report third-quarter earnings after the bell on Monday.
Here's what Wall Street expects, according to an average of estimates compiled by LSEG:
Earnings per share: 47 cents adjusted, auto revenue: $41.88 billion
These results would represent a 1.7% increase in automotive revenues compared to the same period a year earlier and a 19.9% increase in adjusted earnings per share.
Ford's third quarter of 2023 included $41.18 billion in auto revenue, net income of $1.17 billion, or 30 cents per share, and adjusted earnings before interest and taxes of $2.2 billion, or 39 cents per share.
The Detroit automaker will look to rebound from a disappointing second quarter as unexpected warranty costs caused the company to miss Wall Street's earnings expectations.
Ford stock is down more than 7% this year.
The automaker is under pressure to outperform its crosstown rival GM Handily beat Wall Street's third-quarter expectations and raised key 2024 guidance targets.
Ford's 2024 guidance as of second-quarter results in late July included adjusted earnings before interest and taxes, or EBIT, of between $10 billion and $12 billion and adjusted free cash flow of between $7.5 billion and $8.5 billion.
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