2023 Ford F-150 Raptor R
DETROIT – Ford Motor is set to report its third-quarter earnings after the bell on Wednesday.
Here’s what Wall Street is expecting, according to Refinitiv consensus estimates:
- Adjusted earnings per share: 27 cents
- Automotive revenue: $36.25 billion
Ford last month set investor expectations for the third quarter by partially pre-releasing its results, including projected adjusted earnings before interest and taxes in the range of $1.4 billion to $1.7 billion. Some analysts were expecting a quarterly profit closer to $3 billion.
Ford attributed the lower-than-expected results to parts shortages affecting 40,000 to 50,000 vehicles as well as an extra $1 billion in…