Ford’s Q1 Earnings to Introduce New Reporting Structure; Lordstown Motors Stock Plummets

Ford is set to report its first-quarter earnings with a new financial reporting structure in place. The company has done away with reporting results by regional markets and will break down financial performance by three new business entities instead. These include Ford Blue, which handles the legacy internal combustion engine (ICE) and hybrid vehicle business; Ford Model e, responsible for emerging EV and software businesses; and Ford Pro, aimed at targeting commercial and government customers. F stock saw a rise close to a key technical level, while EV startup Lordstown Motors saw a dip after issuing a bankruptcy warning. Investors are keeping an eye on Ford’s losses in the EV segment, given the growing risk of recession.

Lordstown Motors in Risk of Bankruptcy Without Foxconn Funding as RIDE Stock Plummets; Electric Vehicle Peers Feel the Impact With Losses Up to 16% while Ford Continues EV Development Despite Money Losses.

Ford Earnings: Analysts Expect 10% Year-Over-Year Rebound, F Stock Rises Ahead of Report   Ahead of its earnings report, analysts predict Ford’s earnings to bounce back almost 10% to 42 cents per share, with revenue expected to increase 14% to $39.25 billion compared to Q1 of the previous year, where earnings dropped by 46% due to supply chain disruptions. Ford’s full-year 2023 forecast expects adjusted EBIT of $9.59 billion, which is slightly lower than the company’s guidance of $9 billion to $11 billion. Additionally, the Street anticipates Ford earnings to drop roughly 14% from 2022 and reach $1.62 per share, while Ford has guided adjusted free cash flow of $6 billion for 2023. F stock saw a 1.6% rise to $12.07 ahead of the earnings report, hovering just above the 50-day moving average. Meanwhile, traditional automakers such as Ford and General Motors are pivoting to electric vehicles, though GM is seeing strength in its conventional ICE cars. Tesla, on the other hand, saw a decline of 1.5% on Monday due to weak Q1 earnings.