Ford Motor Company (F) earnings for the third quarter of 2024

DETROIT — ford motor It is scheduled to report third-quarter earnings after the bell on Monday.

Here's what Wall Street expects, according to an average of estimates compiled by LSEG:

• EPS: 47 cents adjusted
• Car revenue: $41.88 billion

These results would represent a 1.7% increase in automotive revenues compared to the same period a year earlier and a 19.9% ​​increase in adjusted earnings per share.

Ford's third quarter of 2023 included $41.18 billion in auto revenue, net income of $1.17 billion, or 30 cents per share, and adjusted earnings before interest and taxes of $2.2 billion, or 39 cents per share.

The Detroit automaker will look to rebound from a disappointing second quarter as unexpected warranty costs caused the company to miss Wall Street's earnings expectations.

Ford stock is down more than 7% this year.

The automaker is under pressure to outperform its crosstown rival GM Handily beat Wall Street's third-quarter expectations and raised key 2024 guidance targets.

Ford's 2024 guidance as of second-quarter results in late July included adjusted earnings before interest and taxes, or EBIT, of between $10 billion and $12 billion and adjusted free cash flow of between $7.5 billion and $8.5 billion.

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