In this article

Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan.
Courtesy: Ford Motor Co.

DETROIT – Ford Motor is set to report its first-quarter results after the bell Wednesday.

Here’s what Wall Street is expecting:

  • Adjusted EPS: 37 cents, according to Refinitiv consensus estimates
  • Automotive revenue: $31.13 billion, according to Refinitiv consensus estimates

Ford’s results come a day after its crosstown rival, General Motors, easily beat Wall Street’s earnings expectations. GM also surprised analysts by maintaining its adjusted pretax profit guidance of $13 billion to $15 billion for 2022, despite a litany of supply chain issues and increased costs. Both put pressure on Ford’s results.

Evercore ISI in a note to investors last week said it expects Ford to cut its 2022 outlook due to the growing number of problems facing the company. It cited the company’s exposure to supply chain problems in Europe due to Russia’s war in Ukraine and the increased cost of aluminum used in its top-selling F-Series pickups, among other issues.

In early March, Ford reaffirmed its expectations of a pretax profit between $11.5 billion and $12.5 billion for the year. However, supply chain problems have only gotten more complex since then, according to analysts.

Ford’s stock has been under pressure this year, down about 30% this year. It was the top growth stock among automakers in 2021.

Aside from the earnings and guidance, investors will be watching for any updates or progress on CEO Jim Farley’s Ford+ turnaround plan and for any new information on the company’s electric vehicle plans. Ford celebrated the start to production of its electric F-150 Lightning pickup earlier this week.

This is breaking news. Please check back for updates.

You May Also Like
Why kids streaming content is vital to subscriber growth

Why kids streaming content is vital to subscriber growth

Tinky-Winky, Laa-Laa, Dipsy and Po pose for a photo as the Teletubbies…

$14.9M palatial estate in Connecticut priced to break local record

Hidden behind a stone wall spanning 1,500 feet in one of Connecticut’s…

Netflix lays off 150 employees as the streaming service contends with big subscriber losses

Netflix’s revelation that it lost 200,000 subscribers in the first quarter put…
Edgar Bronfman’s Paramount bid could keep Shari Redstone involved

Edgar Bronfman’s Paramount bid could keep Shari Redstone involved

Edgar Bronfman, Jr. Cameron Costa | CNBC Edgar Bronfman Jr.’s offer for…