Ford (F) Reports Earnings Tomorrow: What To Expect

Ford Motor Company (NYSE: F) is set to release its third-quarter 2024 financial results on Monday, October 28, 2024, at 4:05 p.m. ET. The company's earnings call, scheduled for 5:00 p.m. ET the same day, will provide insights into Ford's progress in delivering its ambitious Ford+ plan for growth and value creation. Analysts and investors alike will be keen to understand the company's performance and outlook, particularly in light of its ongoing transition towards electric vehicles (EVs) and autonomous driving technologies.


Analysts' expectations for Ford's earnings and revenue growth align with the company's historical performance. The average revenue forecast for 2024 is $175.1 billion, representing a decrease of 0.62% from the previous year. However, analysts expect earnings per share (EPS) to grow by 82.45% to $1.97. This growth is driven by Ford's focus on cost-cutting measures, strategic restructuring, and the introduction of new EV models.


The disparity in analysts' price targets for Ford's stock reflects differing opinions on the company's future prospects. The average target price is $12.44, with a low estimate of $9.00 and a high estimate of $18.00. This wide range indicates varying levels of optimism regarding Ford's ability to successfully execute its EV transition and maintain its competitive position in the market.


Analysts' ratings for Ford have remained relatively stable over the past year, with a majority maintaining a "Hold" recommendation. However, there has been a shift towards more positive ratings, with the number of "Strong Buy" and "Buy" recommendations increasing slightly. This trend suggests that analysts are becoming more optimistic about Ford's long-term prospects.


As Ford reports its earnings, investors will be closely watching the company's progress in executing its Ford+ plan. Key areas of focus will include the company's EV sales, cost-cutting initiatives, and strategic partnerships. Additionally, investors will be interested in Ford's guidance for the upcoming quarters and fiscal year, as well as any updates on the company's plans for autonomous driving and connected vehicle technologies.

In conclusion, Ford's third-quarter earnings report will provide valuable insights into the company's progress in executing its Ford+ plan and its ability to successfully navigate the EV transition. As analysts and investors assess the company's performance and outlook, they will be looking for signs of continued growth and value creation, as well as any potential challenges or setbacks. With the stock price reflecting a wide range of expectations, the earnings report will be an important opportunity for Ford to provide clarity and reassurance to its stakeholders.