• 100
  • 50
  • 收藏

Ford Lifts Profit Guidance While F-150 Lightning, New Vehicles See Strong Demand

Investors2021-06-17

Ford joined General Motors with upbeat earnings guidance and sees strong reservations for critical new vehicles including its first electric truck. Ford stock rose.

The No. 2 U.S. auto giant said Thursday that it expects adjusted pretax earnings for the second quarter to surpass its own expectations and be "significantly better" than a year ago.

That's despite the semiconductor shortage, which Ford said April 28 would halve its planned Q2 production and reduce full-year adjusted EBIT to $5.5 billion-$6.5 billion.

Ford did not offer specific Q2 guidance on April 28 or Thursday. It will report for Q2 and offer outlook for the rest of the year July 28.

On Wednesday, GM forecast adjusted earnings before taxes of $8.5 billion-$9.5 billion in the first half of 2021, up from an earlier view for $5.5 billion, due to strong demand for its SUVs and trucks. GM remains cautious for the full year.

Also Thursday, Ford touted 100,000 reservations for the F-150 Lightning, its first all-electric pickup truck and Tesla Cybertruck rival. That's up from 20,000 reported May 20 after a launch event, and 70,000 on May 26.

Meanwhile, its new compact Maverick truck has 36,000 reservations, just a week after unveiling. Ford also reported 20,000 reservations for the all-electric E-Transit commercial van and 190,000 for the new, full-size Bronco SUV.

CEO Jim Farley will further address Q2 financial guidance at a Deutsche Bank auto industry conference Thursday afternoon.

Ford Stock

Shares rose 1.3% to 15.22 in Thursday's stock market. Ford stock, on the IBD Leaderboard, is extended from a cup-without-handle 13.72 buy point, cleared late May on its bold EV shift. GM stock eased 1% to 61.07 as it eyes a 63.54 cup-shaped buy point.

On Wednesday, GM announced it will invest $35 billion to develop electric vehicles (EVs) and autonomous vehicles (AVs) through 2025. That's a 30% increase from its most recent forecast for $27 billion set last November, and a 75% increase from an initial forecast of $20 billion set in March 2020.

By comparison, Ford in May announced $30 billion on EV- AV spending through 2025, up from a prior view for $22 billion.

But Ford's investments include years prior to 2020, while GM's spending is for 2020 through 2025.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

举报

评论50

  • Bryanljs123
    ·2021-06-18
    Lol
    回复
    举报
  • 3088b857
    ·2021-06-18
    [Smile] [Smile] 
    回复
    举报
  • Supermark
    ·2021-06-18
    How do I get comments featured ? I wrote BS and no suppprt from any 
    回复
    举报
  • AnaiAnai
    ·2021-06-18
    ford will be tesla main competitor.
    回复
    举报
    收起
    • 超群yibo
      Only in US market. Worldwide market will be Volkswagon by 2030
      2021-06-18
      回复
      举报
  • Jalopy
    ·2021-06-18
    Buy n hold? 😍
    回复
    举报
  • chelvi
    ·2021-06-18
    Like and share 
    回复
    举报
  • chelvi
    ·2021-06-18
    Like and share 
    回复
    举报
  • chelvi
    ·2021-06-18
    Like and share 
    回复
    举报
  • Munching
    ·2021-06-18
    A turnaround for Ford?
    回复
    举报
    收起
  • Gackky
    ·2021-06-18
    trying to be relevant..innovates.. good, only if it makes me profitable[得意] 
    回复
    举报
    收起
  • 458fd99c
    ·2021-06-18
    Go go go
    回复
    举报
  • WaiSoon
    ·2021-06-18
    Tell me your opinion about this news...
    回复
    举报
  • WaiSoon
    ·2021-06-18
    Good
    回复
    举报
  • StayHome
    ·2021-06-18
    Looks good in their profit guidance …
    回复
    举报
  • KamenR
    ·2021-06-18
    While the EV market will be very hot the next few years, there is a lot of opportunities in the EV pickup and SUV segments. Ford has a lot of knowledge in those 2 segments. If they build on those, it might turn out very well for them. Don’t waste resources focusing ontheir electric Mustang 
    回复
    举报
  • 梁娜娜本人
    ·2021-06-18
    Yyyyyy
    回复
    举报
  • vincetan
    ·2021-06-18
    Looking forward to see if the new electric trucks will pick up the stock prices
    回复
    举报
  • 207638e5
    ·2021-06-18
    Please like and comment 
    回复
    举报
    收起
    • Teeger
      like
      2021-06-18
      回复
      举报
    • LimPohChiok
      Please like and comment. Thanks
      2021-06-18
      回复
      举报
  • Zonnnggg
    ·2021-06-18
    Nice
    回复
    举报
  • Jyingyang
    ·2021-06-18
    Sounds good.
    回复
    举报
 
 
 
 

热议股票

 
 
 
 
 

7x24