DETROIT – Ford Motor is reporting second-quarter earnings after the markets shut Thursday.

The Detroit automaker is anticipated to report strong outcomes, however not as sturdy because the $1.91 in adjusted earnings per share that crosstown rival Normal Motors reported Tuesday.

This is what Wall Avenue expects from Ford, based mostly on common analyst estimates compiled by Refinitiv:

• Adjusted earnings per share: 55 cents
• Automotive income: $40.38 billion

These outcomes would mark a year-over-year enhance of 6.5% in automotive income, however a virtually 20% decline in adjusted EPS. The corporate’s earnings throughout the second quarter of 2022 have been assisted by excessive car costs amid decrease stock ranges.

The corporate reported web revenue of $667 million on complete income of $40.19 billion throughout the second quarter of 2022.

There’s stress on Ford after GM raised its yearly steering Tuesday for the second time this yr.

In Could, Ford reiterated that it expects full-year adjusted earnings of between $9 billion and $11 billion and roughly $6 billion in adjusted free money circulation. Ford stated it plans to have capital expenditures of between $8 billion and $9 billion in 2023.

Additionally in Could, the automaker started reporting its monetary outcomes by enterprise unit, as an alternative of by area. The Detroit automaker earlier this yr launched revised outcomes for 2021 and 2022 based on the brand new construction.

A lot consideration can be on Ford’s “Mannequin e” electrical car enterprise, which misplaced $2.1 billion final yr on an working foundation and $722 million within the first quarter of this yr, wider than year-ago losses because it ramped up EV manufacturing.

The automaker just lately minimize pricing by as a lot as $10,000 on the F-150 Lightning pickup as manufacturing and stock ranges enhance.

Wall Avenue analysts on Tuesday criticized the gradual rollout of GM’s electrical autos and questioned the automaker’s EV technique relating to pricing, gross sales targets and a choice to revive the Chevy Bolt months after asserting its discontinuation.

Ford is more likely to face related scrutiny over its personal EV funding technique, based on Morgan Stanley analyst Adam Jonas.

“Each GM and Ford are extremely seen examples of the challenges in on-shoring superior EV battery know-how in a worthwhile approach at scale,” Jonas stated in a Wednesday investor observe.

Traders are also keen to listen to about any extra insights relating to what are anticipated to be difficult contract negotiations with the UAW union. Buoyed by a yearslong nationwide labor motion, new management and report firm earnings, the negotiations are anticipated to be among the many most contentious in latest reminiscence.

The talks formally kicked off earlier this month between the union and GM, Ford Motor and Stellantis. The present contracts are set to run out Sept. 14 and canopy roughly 150,000 UAW members who work for the automakers.

– CNBC’s Michael Bloom contributed to this report.

That is breaking information. Please verify again for updates.