Ford Stock Is Facing Heavy Selling Pressure Tuesday: What's Going On?
Portfolio Pulse from Adam Eckert
Ford Motor Co's stock is under pressure following its Q3 earnings report. Despite revenue and EPS beating estimates, the company's soft earnings outlook and challenges in the EV segment are concerning investors. Analysts have adjusted their price targets, reflecting cautious sentiment.
October 29, 2024 | 3:21 pm
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Ford's stock is down due to a soft earnings outlook despite beating Q3 revenue and EPS estimates. The EV segment's losses and reduced full-year EBITDA guidance are key concerns.
Ford's Q3 results showed revenue and EPS above estimates, but the company's reduced full-year EBITDA guidance and significant losses in the EV segment have led to a negative market reaction. The stock is down 9.19%, reflecting investor concerns over the company's future profitability and competitive pressures in the EV market. Analysts have adjusted their price targets, indicating a cautious outlook.
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IMPORTANCE 90
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