Ford Stock Slips Ahead Of Q1 Earnings: What's Driving The Action?

Zinger Key Points

Ford will report first-quarter results after the market close on Monday.
Analysts have lowered forecasts in recent months, expecting earnings per share of 2 cents down from 49 cents a year earlier.
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Ford Motor Company F shares are trading lower Monday ahead of the automaker’s first-quarter earnings report scheduled for release after the market close.

What To Know: The decline in Ford’s share price comes amid lowered analyst expectations, with consensus estimates calling for earnings of just 2 cents per share, down significantly from 49 cents per share a year earlier. Revenue is also expected to fall, with projections at $36.2 billion versus $39.89 billion in the comparable quarter last year.

The muted forecast follows recent analyst downgrades and price target cuts. Goldman Sachs, Piper Sandler, Jefferies and Wolfe Research all revised targets lower over the past few months, with most price targets now clustered around the $9 level. These revisions reflect growing concerns over Ford's competitive positioning in the electric vehicle space and broader macroeconomic pressures impacting consumer demand.

Reports from last week suggesting that Ford has halted the development of an advanced electrical architecture appears to be adding to investor caution, a move that could hinder its ability to compete with Tesla and other EV leaders in the long term.

However, the automaker recently reported a 16% increase in April sales, credited to its "From America, For America" campaign, offering employee pricing to customers.

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Ford will report first-quarter results after the market close on Monday. The earnings call is scheduled for 5 p.m. ET, where investors will look for clarity on cost-cutting measures, EV strategy updates and any adjustments to full-year guidance. The results and management commentary will likely dictate the next move in Ford's stock, which has remained volatile amid mixed performance indicators.

F Price Action: Ford shares are down approximately 18.5% over the past year heading into Monday’s quarterly results. The auto stock was down 1.02% at $10.18 at the time of publication Monday, according to Benzinga Pro.