DETROIT – Ford Motor is predicted Wednesday to report a slight loss for the second quarter because the semiconductor chip scarcity causes important manufacturing cuts and low car inventories.

Here is what Wall Avenue expects, primarily based on common analysts’ estimates compiled by Refinitiv.

• Adjusted outcomes: a lack of 3 cents a share
• Automotive income: $24.25 billion

Ford final month mentioned its adjusted pretax earnings for the second quarter would prime its expectations and be “considerably higher than a 12 months earlier,” whereas web revenue can be “considerably decrease” than the identical interval final 12 months.

The corporate reported a web revenue of $1.1 billion and an adjusted pretax lack of $1.9 billion throughout the second quarter of 2020.

In April, Ford forecasted its adjusted pretax revenue for the 12 months to vary from $5.5 billion to $6.5 billion, together with an opposed impact of about $2.5 billion from the semiconductor scarcity. That affect was the excessive finish of a beforehand guided loss because of the downside.

Outdoors of Ford’s earnings and any change to steering, Wall Avenue analysts might be searching for updates on CEO Jim Farley’s Ford+ turnaround plan, the semiconductor chip scarcity and new product launches.

Shares of Ford have greater than doubled since Jim Farley grew to become CEO in October, together with a greater than 50% bounce up to now this 12 months.