Earnings Preview: Ford Motor Co.

Ford Motor Company (F) is expected to report Q3 earnings before market open Friday Nov. 7, with a conference call scheduled for 9:00 am ET.

Guidance

Analysts are looking for a loss of (93c) on revenue of $28B. The consensus range is ($1.39) to (66c) for EPS, and revenue of $26.20B to $32.75B, according to First Call.

Analyst Views

On November 3, Ford reported total October sales were down 30% from a year earlier. Ford faced weakening global demand during the quarter and the company's financial services segment could also report a loss because of reduced truck residual values.

On October 8, Ford was downgraded to Sell from Hold at Citigroup to reflect deteriorating global credit conditions and valuation, which they find as not attractive at current levels. The firm lowered its target on Ford shares to $2.50 from $5.50.

Comments

[PeteK:]

Citigroup did the right thing.
The patient is too sick to be saved.
Use the money to save others instead.

2008 Nov 06 11:25 PM

[SCOOK2003:]

Ford are in the strongest position of the big 3. Its a great company that has seen bad times before in its 100+ year history. The European product range is currently the best in that 100+ year history in terms of quality, reliability, functionality, driveability and utility.
Yes the US have some issues with their product range but the company is moving fast to fix them.
Ford isnt a good company its a great company, it has the flexibility to survive this downturn and any future downturns to.

I wonder what others XeroJ would save, maybe some finanical educational facilities as I think he requires them.

2008 Nov 07 03:39 AM

[Cooltool:]

If the Big 3 auto companies would had talked to the oil companies about lowering the price of fuel, maybe people would had purchased new vehicles. When the price of fuel was $4.00/gal no one had money. Now people hold onto what they have. Why didn't the automobile manufactures talk to the oil companies about lowering the price of fuel?

2008 Nov 12 08:20 AM