DETROIT – Ford Motor is saying third-quarter earnings after the markets shut Wednesday.

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

• Adjusted EPS: 27 cents a share
• Automotive income: $32.54 billion

In July, Ford raised its steerage for the 12 months, however warned buyers the second half of the 12 months can be weaker than the primary relating to its working revenue, which was at $5.9 billion by means of June. At the moment, the corporate stated full-year adjusted earnings earlier than taxes can be between $9 billion and $10 billion and adjusted free money stream of between $4 billion and $5 billion.

The corporate elevated annual steerage regardless of dropping roughly half of its manufacturing within the second quarter as a consequence of an ongoing international scarcity of semiconductor chips. Ford’s provide of the components was anticipated to enhance throughout the third-quarter.

CFO John Lawler cited $3 billion to $4 billion in favorable larger gross sales volumes, however stated commodity prices, decrease earnings from Ford Credit score and different elements resembling $500 million in larger guarantee prices to tug down its outcomes throughout the again finish of the 12 months.

Ford reported a internet revenue of $2.3 billion and an adjusted pretax achieve of $3.6 billion throughout the third quarter of 2020. That was when dealerships and crops largely reopened after being shuttered throughout the second-quarter because of the coronavirus pandemic. Its automotive income was $34.7 billion within the third quarter of 2020.

Ford’s inventory is up by about 80% this 12 months, so other than third-quarter earnings, buyers shall be looking ahead to any further drag on the automaker heading into subsequent 12 months.

Ford obtained a pair bullish calls from Wall Road analysts heading into earnings, together with an improve by Credit score Suisse to outperform from impartial.

Ford’s largest American rival, Normal Motors, reported third-quarter earnings Wednesday morning that beat Wall Road’s estimates. Regardless of the beats, GM’s inventory declined by greater than 5% throughout intraday buying and selling because of the automaker reducing free money stream steerage for the 12 months and never assembly some investor expectations for the rest of the 12 months.