Ford Motor (F) earnings Q3 2022

2023 Ford F-150 Raptor R


DETROIT – Ford Motor is established to report its third-quarter earnings immediately after the bell on Wednesday.

This is what Wall Street is expecting, according to Refinitiv consensus estimates:

  • Altered earnings for each share: 27 cents
  • Automotive revenue: $36.25 billion

Ford last thirty day period established trader anticipations for the 3rd quarter by partially pre-releasing its results, together with projected altered earnings ahead of fascination and taxes in the array of $1.4 billion to $1.7 billion. Some analysts have been anticipating a quarterly revenue nearer to $3 billion.

Ford attributed the reduced-than-expected results to pieces shortages impacting 40,000 to 50,000 motor vehicles as perfectly as an added $1 billion in surprising provider costs through the 3rd quarter. Still, the organization reaffirmed its full-yr assistance, stating it expected to supply the unfinished cars to sellers in the fourth quarter.

The car industry’s earnings and forecasts are remaining closely viewed by traders for any signs that buyer desire could be weakening amid soaring fascination premiums and looming economic downturn fears.

Ford’s earnings occur a day following crosstown rival Common Motors appreciably outperformed Wall Street’s earnings expectations but marginally skipped on revenue. GM claimed that demand from customers for its items stays robust even with outside financial fears and climbing interest charges.

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