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Ford (F) earnings Q1 2021 – Information by Automobilnews.eu

Ford (F) earnings Q1 2021


Ford CEO Jim Farley takes off his masks on the Ford Constructed for America occasion at Fords Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan.

Nic Antaya | Getty Photographs

DETROIT – Ford Motor is anticipated Wednesday to report a revenue for the primary quarter regardless of an ongoing semiconductor chip scarcity that has depleted automobile inventories and induced the corporate to shutter a few of its factories.

Here is what Wall Road is anticipating, primarily based on common analysts’ estimates compiled by Refinitiv:

  • Adjusted earnings: 21 cents a share
  • Income: $32.23 billion

Whereas Wall Road will likely be watching Ford’s earnings, it is going to be extra involved in any change to the corporate’s steering for 2021 because of the chip scarcity.

Ford beforehand mentioned it anticipated the components drawback may decrease its earnings by $1 billion to $2.5 billion in 2021. With out releasing any new steering, the corporate final month mentioned it “will present an replace on the monetary impression of the semiconductor scarcity” when it reviews its first-quarter earnings.

On a extra constructive word, the decrease inventories and lack of manufacturing have led to larger earnings per automobile for automakers.

Wall Road is also expecting any further enterprise modifications by Ford CEO Jim Farley, who changed Jim Hackett efficient Oct. 1, and any updates on the corporate’s electrical automobile plans.

Ford introduced Tuesday that it’s going to  “ultimately” manufacture its personal batteries and battery cells. Nonetheless, the corporate declined to debate a timeline to take action. In November, Farley mentioned Ford was “completely” involved in following Tesla and Normal Motors in producing its personal batteries for electrical automobiles within the U.S.

Shares of Ford are up almost 90% since Farley turned CEO, together with greater than 40% in 2021. The corporate’s market cap is greater than $48 billion.

That is breaking information. Please test again for updates.

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Ford (F) earnings Q1 2021 – Information by Automobilnews.eu
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