Ford Motor (F) earnings Q3 2023

DETROIT — Ford Motor is about to report its third-quarter earnings after the bell Thursday.

This is what Wall Avenue is anticipating, based on common estimates compiled by LSEG, previously often known as Refinitiv.

• Adjusted earnings per share: 45 cents
• Automotive income: $41.22 billion

These outcomes can be will increase of greater than 50% in adjusted EPS and 10.8% in automotive income in comparison with a yr earlier.

Except for earnings, Wall Avenue might be watching the impression of the United Auto Staff union’s practically six-week strike in opposition to the automaker, which ended Wednesday night time for Ford after the edges reached a tentative agreement.

Barclays analyst Dan Levy estimates the overall strike impression to Ford was $600 million to $700 million. That will be lower than the $800 million impact, together with $200 million within the third quarter, GM reported Tuesday.

“Whereas we await remaining particulars, the headline phrases seem inline with our expectations coming into the strike, and sure priced into the inventory,” Levy stated in an investor word late-Wednesday.

The general price enhance of the settlement, which should nonetheless be ratified by members, is estimated to be $6.2 billion over the phrases of the four-and-a-half-year deal, based on Deutsche Financial institution.

The deal contains 25% pay will increase over the phrases of the settlement, together with an preliminary enhance of 11%. The raises and advantages cumulatively increase the highest wage to greater than $40 an hour, together with a rise of 68% for beginning wages to over $28 an hour.

It additionally contains reinstatement of cost-of-living changes, a three-year path to high wages and proper to strike over plant closures. amongst different considerably enhanced advantages.

The Detroit automakers have been navigating ongoing strikes by members of the UAW after the union and the businesses failed to succeed in tentative labor offers by a Sept. 14 deadline for contracts protecting 146,000 staff.

UAW stated Wednesday night time that Ford staff who have been on strike will return to work throughout voting, placing strain on GM and Stellantis to conform to the phrases of the tentative settlement.

— CNBC’s Michael Bloom contributed to this text.