Wednesday, June 29, 2022
HomeBusinessFord (F) earnings This fall 2021

Ford (F) earnings This fall 2021


Ford Motor Co. signage on the Washington Auto Present in Washington, D.C., Jan. 21, 2022.

Al Drago | Bloomberg | Getty Photos

DETROIT — Ford Motor is saying fourth-quarter earnings after the markets shut Thursday.

Here is what Wall Road expects, based mostly on common analysts’ estimates compiled by Refinitiv.

  • Adjusted EPS: 45 cents a share
  • Automotive income: $35.5 billion

These earnings could be higher than the fourth quarter of 2020, when Ford was spending billions restructuring a lot of its worldwide operations.

The automaker reported an working revenue of $1.7 billion, or adjusted earnings of 34 cents per share, and income of $33.2 billion within the fourth quarter of 2020. On an unadjusted foundation, Ford misplaced $2.79 billion throughout that time-frame.

Whereas Wall Road will probably be monitoring Ford’s quarterly outcomes, they’re extra within the automaker’s steering for this 12 months in addition to any progress or setbacks in CEO Jim Farley’s Ford+ turnaround plan.

Analysts estimate Ford this 12 months will earn between $1.54 and $2.35 per share on income of $147.5 billion, based on Refinitiv. That compares with expectations of between $1.72 and $2.05 EPS and income of $126.3 billion in 2021.

Ford bought 1.9 million automobiles within the U.S. in 2021, down by 6.8% because it managed by way of a world scarcity of semiconductor chips. The elements downside compelled Ford and different automakers to sporadically shutter crops and depleted car inventories.

After growing by roughly 140% in 2021, shares of Ford are down by about 3% this 12 months.

That is breaking information. Please verify again for updates.



Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments