Ford Motor Co. (NYSE: F), whose cost-cutting efforts encountered a setback this weekend, is scheduled to discuss its third quarter 2009 financial results in a conference call Monday at 9:00 AM ET, hosted by CEO Alan Mulally and CFO Lewis W. K. Booth. You can catch the live webcast of the call on the company's website.
During the three months that ended in September, Ford's Fusion saw record sales, it announced a boost in production, and it opened a plant in Thailand. Analysts surveyed by Thomson Reuters expect this leading auto maker to report that it further narrowed its net loss to $0.12 per share. That compares to $0.21 per share in the previous quarter and $1.31 per share a year ago. Ford has offered up smaller-than-expected losses in the past two quarters, by as much as 48 cents per share.
Revenue for the quarter is expected to be 11.8% lower to $28.3 billion, despite the popular cash-for-clunkers program.
So far, analysts expect Ford to continue to inch toward the black in the fourth quarter, but the forecast for the full year is for a loss of $1.35 per share on $106.3 billion in revenue. Last year's results were a loss of $3.13 per share on revenue of $139.3 billion.
Ford's long-term EPS growth forecast is 9.0%, and the First Call consensus recommendation remains to hold the stock. Yet at least one analyst is expecting a surprise third-quarter profit from Ford.
Ford closed at $7.00 on Friday, and shares have been trading in that neighborhood in the past two months, hitting resistance from the 20-day moving average. Ford is up 205.7% year to date.
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Reader Comments (Page 1 of 1)
11-01-2009 @ 5:05PM
Dennis said...
Get that part? They opened a Plant In Thailand...
WOnder how they are able to make Money? They are avoiding American Unions.. that have ruiend Mfg. in the USA..
Brainwashing HS Drop Outs & Grads that can't even balance a Chck book, that they are worth $25-$35 /hr..
Yeah Right, Sure they are.. Asking for it is one thing, Getting it is now another..
How you like Sitting at the bar living on $210 wk Unemployment now? and they opening Plants in other Countries....
US Mfg. needs to be able to hire at a Competive to the worl Wage and Benefits if we are going to be competitive again.. otehrwise, we haven't got a chance..
And those GM Chevies? Are way overpriced by at least $5-10,000 to much ! Fabric seats? R U Kidding me? and tell me Why does a Compact car need 17 inch Tires and Wheels costing $140 per Tire? When 15"- $60 tires did the same job for over 25 yrs!
11-02-2009 @ 8:07AM
John said...
Dennis, if you do not understand the problems and issues please do not comment, you can only make things worse speaking out of ignorance.