Ford earnings preview: Expectations are high following GM's blowout quarter – Yahoo Finance

Ford (debt) Earnings are expected to be released later today and are an important report following the blowout results. from rival GM Earlier this week.

Investors will be watching the company’s full-year earnings, which are projected to be around $11.5 billion in its latest quarterly report, and the latest commentary on industry price movements after Ford. Mustang Mach-E EV price cut Earlier this week.

For the company’s key revenue and earnings numbers, Wall Street expects fourth-quarter sales to total $40.6 billion and adjusted earnings per share totaling $0.62, according to Bloomberg estimates.

Sales represent a 15% leap from a year ago, when Ford was still struggling with parts and chip shortages.

The streets expect Ford to have a strong quarter following the fourth-quarter performance of GM’s Monster, where the automaker reported huge profit beats and record earnings. GM also hits the top end The company underperformed full-year 2022 EBIT forecasts and continued to beat analyst expectations for full-year 2023, with EBIT expected to be $11.5 billion this year.

Last quarter, Ford reiterated its full-year 2022 EBIT forecast of $11.5 billion, but investors will be watching where its 2023 guidance lands. Ford’s consensus estimate for his 2023 EBIT is around $10 billion.

Investors will also keep an eye on margins and the impact of pricing pressures facing automakers. Analysts expect profit margins to be around 7% in 2022, but Ford’s decision could put pressure on that number. Mustang Mach-E EV price cut Following the massive price cuts Tesla launched on its competing Model Y SUV,

Last quarter, Ford CFO John Lawler said of some customers: I was hesitant about the higher sticker price, and use long-term loan financing to ease monthly payments. Lawler also said Ford is seeing customers go through higher trim levels to buy more affordable cars.

Investors are wary of more color-on-demand problems creeping up on Ford due to softening macro conditions and rising interest rates. Earlier this week, GM said it sees no demand problems for its vehicles at this time and is bullish about its 2023 EV rollout.

The 40 millionth Ford Motor F-Series pickup truck is on display next to the first generation Ford F-1 at the Dearborn Truck Plant in Dearborn, Michigan, USA, January 26, 2022. Photo taken January 26, 2022. REUTERS/Rebecca Cook

Pras Subramanian is a reporter at Yahoo can follow him twitter and Instagram.

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