Ford Set to Report Q3 Earnings, Expected to Show Revenue Growth and Increased Earnings Per Share

On Monday, Ford Motor Company is scheduled to announce its third-quarter earnings. Analysts have compiled their average estimates for the company's performance, with expectations of adjusted earnings per share hitting 47 cents and automotive revenue at $41.88 billion.

Should these figures come to fruition, it would signify a 1.7% increase in automotive revenue compared to the same quarter last year, accompanied by a substantial 19.9% surge in adjusted earnings per share.

Ford's Third Quarter Results

For the third quarter of 2023, Ford reported $41.18 billion in automotive revenue, a net income of $1.17 billion (30 cents per share), and adjusted earnings before interest and taxes of $2.2 billion (39 cents per share). These numbers showcase the company's financial performance over the period in question.

Following a disappointing second quarter largely attributed to unexpected warranty costs, Ford aims to showcase a robust recovery in its third-quarter earnings. The automaker's stock has experienced a decline of over 7% this year, adding pressure on the company to deliver favorable results.

Comparison to Competitors

The performance of Ford is under scrutiny, particularly in light of crosstown rival General Motors, which exceeded Wall Street's third-quarter expectations and raised crucial guidance targets for 2024. Ford's own guidance, as of the second-quarter results in late July, included adjusted earnings before interest and taxes (EBIT) between $10 billion and $12 billion and adjusted free cash flow between $7.5 billion and $8.5 billion.