What's Going On With Ford Motor Shares Friday?
Portfolio Pulse from Dylan Berman
Ford Motor Company (NYSE:F) shares are trading lower ahead of its quarterly earnings release next week. The company announced plans to expand F-Series Super Duty production to its Oakville Assembly Complex in Ontario, Canada, with a $2.3 billion investment. Analyst estimates for Ford's EPS are 68 cents and revenue at $43.75 billion for the 2024 fiscal year second quarter.
July 19, 2024 | 6:10 pm
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Ford shares are down 3.78% as the company prepares to release its quarterly earnings next week. Ford announced a $2.3 billion investment to expand F-Series Super Duty production in Ontario, Canada. Analysts estimate EPS at 68 cents and revenue at $43.75 billion for the upcoming quarter.
Ford's stock is trading lower due to investor anticipation of the upcoming earnings report and the announcement of a significant investment in expanding production. The market may be reacting to the potential short-term financial impact of the $2.3 billion investment and the pressure to meet high demand for the F-Series Super Duty pickups.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100