Ford (F) is expected to release its first quarter 2023 earnings after market close on Tuesday, May 2, as the company’s first report to break down EV financial results separately. Wall Street analysts expect Ford’s overall earnings to increase slightly in Q1 alongside higher revenues as the industry’s shift to fully electric vehicles intensifies.
Ford EV sales in the first quarter of 2023
After selling a record 61,575 fully electric models last year, Ford’s momentum slipped in Q1, losing its position as the second-largest EV manufacturer in the US to rival American automaker General Motors (GM).
Ford sold 10,866 EVs in the first three months of the year, representing 41% growth year-over-year (YOY).
The biggest surprise was Mustang Mach-e sales fell nearly 20% to just over 5,400 units compared to 6,734 in Q1 2022, though it was mainly due to its plant in Mexico undergoing renovations to ramp production.
Meanwhile, despite a production halt earlier this year, F-150 Lightning sales reached 4,291, with demand for electric trucks climbing.
Ford continues to be a leader in the commercial segment, with E-Transit sales up 62.7% as businesses and fleets look for zero-emission alternatives.
Ford Q1 2023 earnings preview
Ford’s upcoming Q1 earnings are expected to be the first where the automaker will break down its financial results into three segments, Ford Model e (EV), Ford Pro (business and software), and Ford Blue (ICE).
Ford has already said it expects the electric vehicle business to lose $3 billion this year as it looks to double Mach-e and triple F-150 Lightning production.
This comes after Ford already lost $2.1 billion last year and a total of $6 billion since 2021. Despite the massive losses, the automaker expects its first-gen EVs to approach the breakeven point this year. However, the surplus will be more than offset by new electric investments.
As for the first quarter, we will likely see substantial losses from Ford’s EV unit with lower margins and production hurdles.
On the positive side of things, with supply chain issues easing and input costs falling, Analysts are forecasting overall revenue to increase to around $39 billion from $34.5 billion in Q1 2022.
Earnings per share (EPS) is expected to come in around 0.41 to 0.42, showing slight growth from 0.38 in the first quarter last year.
Rival GM released Q1 earnings last week, showing revenue growth of 11% to $40 billion in the first three months of 2023. GM says it expects a breakout year with new EV launches after raising earnings and cash flow guidance for the year.
purchase lasuna generic – cheap lasuna pills himcolin online buy
purchase besivance generic – how to buy carbocisteine buy sildamax no prescription
cheap gabapentin generic – order azulfidine 500 mg without prescription buy sulfasalazine 500mg without prescription
probalan us – cheap tegretol order tegretol 400mg
order celecoxib 200mg – where to buy indomethacin without a prescription buy indocin capsule
order mebeverine 135 mg for sale – buy mebeverine 135 mg pills purchase pletal pills
order voltaren 100mg sale – generic aspirin 75 mg buy aspirin 75 mg online cheap
rumalaya oral – shallaki online buy order endep 50mg online cheap
order pyridostigmine 60 mg without prescription – purchase sumatriptan online cheap imuran 25mg brand
buy baclofen without prescription – generic ozobax cheap feldene
buy cheap generic cyproheptadine – buy periactin without a prescription zanaflex brand
meloxicam 15mg drug – buy rizatriptan 5mg sale buy toradol cheap
cefdinir 300mg price – buy cleocin for sale
purchase trihexyphenidyl online – cheap artane generic order voltaren gel sale
isotretinoin 40mg without prescription – buy deltasone 10mg online cheap deltasone 5mg
buy prednisone 10mg online – buy permethrin cream permethrin over the counter
buy acticin cream – retin cream for sale tretinoin canada
betamethasone 20 gm cream – monobenzone order online order benoquin
order flagyl 400mg online cheap – cost cenforce buy cenforce tablets
clavulanate for sale – buy clavulanate generic buy generic levothyroxine over the counter
order cleocin 300mg online – cleocin pills cost indocin 50mg
buy losartan without a prescription – buy cozaar pill order cephalexin
buy eurax without a prescription – bactroban ointment buy online aczone price
modafinil 200mg drug – promethazine 25mg cheap meloset 3mg brand
where to buy zyban without a prescription – buy shuddha guggulu pill order shuddha guggulu online cheap
xeloda 500mg over the counter – mefenamic acid generic buy danazol 100mg sale
order generic progesterone 100mg – order ponstel generic fertomid canada
buy alendronate online – order provera 5mg sale order medroxyprogesterone for sale
norethindrone 5 mg canada – buy aygestin generic buy yasmin no prescription
buy estrace 1mg without prescription – femara 2.5 mg generic order anastrozole 1mg online
cheap cabergoline 0.25mg – order premarin 0.625mg online cheap how to buy alesse
гѓ—гѓ¬гѓ‰гѓ‹гѓі гЃЇйЂљиІ©гЃ§гЃ®иіј – гѓ—гѓ¬гѓ‰гѓ‹гѓійЂљиІ© г‚ёг‚№гѓгѓћгѓѓг‚Ї – 500mg
г‚·гѓ«гѓ‡гѓЉгѓ•г‚Јгѓ« жµ·е¤–йЂљиІ© – г‚їгѓЂгѓ©гѓ•г‚Јгѓ« еЂ‹дєєијёе…Ґ гЃЉгЃ™гЃ™г‚Ѓ г‚·г‚ўгѓЄг‚№ и–¬е±ЂгЃ§иІ·гЃ€г‚‹