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Analysts wrote in a note, “Following strong 1Q results from GM driven by price and ICE, we look ahead to F’s print on May 2nd featuring new reporting segmentation. Like other OEMs, Ford must decide what kind of EV strategy to pursue: Grow fast and burn cash or a more focused approach that prioritizes capital discipline.”
Morgan Stanley estimates Ford will report 1Q units at 1.063 million, compared to 1.099M units previously. Automotive revenue for 1Q stands at $38.64 billion vs $39.27B previously. The decrease in units is partially offset by higher ATP ($38,567 vs $37,950). Total company revenue estimates for 1Q stand at $40.99B vs $41.69B previously with full year standing at $157.29B vs $159.04B prior.
1Q Adj EPS now stands at $0.44 vs $0.27 previously, with full year now at $1.39 vs $1.28 previously.
Shares of F are up 0.61% in premarket trading on Thursday.
