Ford Motor Co. (NYSE: F) is slated to release Q2 earnings tomorrow morning at 9 am EST. Investors hope the results will show some strength for the world's third largest automaker on sales of its smaller Edge crossover and fleet vehicles. The automaker needs some good news to ensure its "Way Forward" plan under the helm of CEO Alan Mulally is moving forward according to plan.Ford is still going to post some huge quarterly losses before beginning to make gains into the land of profitability sometime in 2009, according to Mulally. Until then, the company will continue reorganizing its business and paying huge operating expenses while it sets itself up to be more flexible and in-tune to customer demands that can shift almost immediately based on housing and gas prices. Those never fluctuate, right? Heh.
The automaker lost just over $12.5 billion last year and posted a loss of $282 million during Q1 this year, so the bets are on in regards to how large Ford's loss will be this quarter. Estimates range from $0.36 to $0.73, but given the enormous scope of changes in Ford's immediate backyard at the moment, I'm not sure any crystal ball could be an accurate predictor of any upcoming Ford quarters at this point. Stay tuned tomorrow morning to BloggingStocks, as I'll be live-blogging the automaker's Q2 conference call.
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Reader Comments (Page 1 of 1)
7-25-2007 @ 4:37PM
William Martin said...
Brian, I also own some Ford stock so I will sum up my feelings concerning it. I bought Ford in November 0f '05 at around $9.50 a share. I still believe they can pull it out if they can get more concessions from the UAW and maybe suppliers plus develop better gas mileage cars.I figure I can always use it as a loss on my income tax if it becomes necessary. I bought GM about that time and now it appears to be improving all the time. I have the patience to wait this out a little longer.