福特2025年第二季度业绩呈现喜忧参半的局面。营收方面实现增长，达到502亿美元，同比增长5%。然而，每股收益下降21%至37美分，虽超过LSEG分析 师预期的33美分，且当季净亏损达3600万美元。福特称，净亏损主要源于取消一款三排电动SUV相关的特殊费用，以及5.7亿美元召回事件的现场服务行 动。 此前，福特在5月份暂停发布年度业绩指引，以评估特朗普关税的影响。周三，福特恢复发布年度业绩指引，不过对全年调整后息税前利润的预期有所下 调，最新预计为65亿至75亿美元，低于2025年2月预计的70亿至85亿美元。（南木） 首席财务官Sherry House表示，上调关税影响预期，是因为美国对墨西哥和加拿大征收关税的持续时间超出预期，同时并提到了对钢铝征收的高额关税。 不过，福特受关税影响的程度相对轻于部分美国竞争对手。通用汽车财报显示，美国政府关税政策致其第二季度损失11亿美元，净利润同比暴跌35.4%至19 亿美元，预计今年关税对其业绩影响将达40亿元至50亿美元，计划抵消30%成本。另一汽车制造商Stellantis表示，关税预计使其今年支出增加17亿美元。 商业分析公司GlobalData评估显示，福特 ...

Core Viewpoint - High-growth tech stocks are becoming more expensive, prompting investors to consider the auto sector for potential bargains, particularly Ford and General Motors, which both exceeded Q2 expectations [1][2]. Group 1: Q2 Results - Ford's Q2 sales increased by 5% year over year to $46.94 billion, surpassing estimates of $41.72 billion by 12%. However, tariff costs of $800 million impacted earnings, resulting in Q2 EPS of $0.37, down from $0.47 a year ago but above expectations of $0.34 [3]. - General Motors reported Q2 sales of $47.12 billion, exceeding estimates of $46.24 billion but down 2% year over year. Q2 EPS was $2.53, exceeding expectations of $2.39 by 6%, but down 17% from $3.06 in the prior period, impacted by $1.1 billion in tariffs [4]. Group 2: Guidance - Ford reinstated its full-year guidance, projecting adjusted EBIT of $6.5-$7.5 billion, revised down from $7-$8.5 billion, accounting for an estimated $2 billion net tariff-related impact. Adjusted free cash flow is forecasted at $3.5-$4.5 billion with capital expenditures around $9 billion [5]. - General Motors reaffirmed its full-year guidance, expecting FY25 adjusted EBIT of $8.2-$10.1 billion and raised its annual net income guidance to $11.2-$12.5 billion from a previous range of $10.4-$11.1 billion, considering an estimated $5 billion tariff-related hit [6]. Group 3: Stock Performance - Year to date, Ford's stock is up approximately 11% to around $11 per share, while General Motors shares are virtually flat at around $53. Ford has outperformed the S&P 500's gains of 8% this year [7]. - Over the last five years, General Motors' stock has increased over 100%, outperforming the broader market and the Automotive-Domestic Market's returns of 73%, while Ford's stock has risen 65% [8]. Group 4: EPS Outlook & Valuation - General Motors has a forward earnings multiple of 5.5X, with annual EPS expected to dip 11% in FY25 but projected to stabilize and rise 3% in FY26 to $9.69. Ford's forward earnings multiple is 9.5X, below the industry average of 12X, with FY25 EPS expected to drop 38% to $1.14 [9]. - Ford's annual EPS is forecasted to rebound and rise 13% in FY26 to $1.28 [9]. Group 5: Dividend Comparison - Ford offers a dividend yield of 5.52%, significantly higher than General Motors' 1.15% yield and the S&P 500's average of 1.16%. General Motors also provides a generous dividend compared to most automakers [10]. Group 6: Conclusion - Following Q2 reports, both Ford and General Motors hold a Zacks Rank 3 (Hold). General Motors presents a more appealing investment potential due to its robust bottom line, while income investors may prefer Ford's stock [14].

Core Viewpoint - Ford Motor Company is positioning itself for a significant shift in the electric vehicle (EV) sector, with a key event scheduled for August 11 to unveil new vehicle designs and platforms [1][2]. Financial Performance - Ford reported a revenue of $2.4 billion from its Model e EV segment in the second quarter, reflecting a 105% increase year-over-year [5]. - Despite lower EV sales in Q2, hybrid deliveries have increased, indicating a diversified growth strategy [5]. Upcoming Developments - The August 11 event is expected to reveal a new family of vehicles that will incorporate advanced technology, efficiency, and features, potentially including a compact SUV, small pickup truck, and an electric delivery vehicle [2][3]. - CEO Jim Farley described this moment as a "Model T moment," suggesting a pivotal point in Ford's history akin to the introduction of the Model T [2]. Competitive Landscape - Ford's upcoming vehicles are anticipated to compete directly with models from General Motors and Tesla, as the company aims to strengthen its position in the EV market [5]. - The company is also focusing on growth from hybrid and gas-powered vehicles while canceling a three-row electric SUV that was in development [4]. Market Context - The announcement comes at a time when the Trump administration plans to eliminate federal EV tax credits later this year, which could impact the EV market dynamics [3].

Group 1 - The article discusses Ford Motor Company's recent dividend declaration and raises concerns about the safety of its dividend [1] - The previous coverage of Ford's stock was on June 3, indicating ongoing monitoring of the company's financial health [1] Group 2 - The investment strategy mentioned aims to help members outperform the S&P 500 and mitigate risks during market volatility [2] - The service offers a trial to assess its effectiveness in providing actionable investment insights [2]

Core Insights - Ford Motor Company reported second-quarter 2025 adjusted earnings per share of 37 cents, exceeding the Zacks Consensus Estimate of 34 cents but down from 47 cents in the same quarter last year [1] - Consolidated second-quarter revenues reached $50.18 billion, reflecting a 5% year-over-year increase, with total automotive revenues at $46.94 billion, surpassing the Zacks Consensus Estimate of $41.72 billion and rising from $44.81 billion a year ago [1] Segmental Performance - In the Ford Blue segment, total wholesale volume decreased 6% year over year to 696,000 units, exceeding expectations of 579,000 units. Revenues fell 3% year over year to $25.8 billion but surpassed estimates of $21.05 billion. Earnings before interest and taxes (EBIT) were $661 million, below the projection of $979.4 million, with an EBIT margin of 2.6%, down 1.8 percentage points from the previous year [2] - The Ford Model e segment saw total wholesale volume increase 218% year over year to 60,000 units, exceeding the estimate of 41,000. Revenues surged 105% year over year to $2.4 billion, surpassing the estimate of $1.63 million. However, the segment incurred a loss before interest and taxes of $1.33 billion, compared to an estimated loss of $1.23 billion [3] - The Ford Pro segment experienced a 15% year-over-year increase in total wholesale volume to 429,000 units, exceeding expectations of 381,000. Revenues rose 11% year over year to $18.8 billion, surpassing the estimate of $16.57 billion. EBIT was $2.32 billion, with an EBIT margin of 12.3%, ahead of the projection of $2.17 billion [4] Financial Position - Ford reported adjusted free cash flow of $2.83 billion for the quarter, with cash and cash equivalents totaling $23 billion as of June 30, 2025. Long-term debt, excluding Ford Credit, amounted to $16.74 billion on the same date [6] 2025 Outlook - Ford anticipates full-year 2025 adjusted EBIT in the range of $6.5-$7.5 billion, down from $10.2 billion in 2024, factoring in a net tariff-related headwind of nearly $2 billion. Adjusted free cash flow is expected to be between $3.5-$4.5 billion, down from $6.7 billion in 2024, with capital expenditures projected at around $9 billion [7]

Core Insights - Ford reported better-than-expected Q2 2025 results, with automotive revenues rising nearly 5% to $46.9 billion and EPS at 37 cents, surpassing estimates [1][8] - The company has increased its expected tariff impact for 2025 from $1.5 billion to $2 billion, with Q2 tariff costs amounting to $800 million [2][8] - Ford's updated full-year guidance projects adjusted EBIT between $6.5 billion and $7.5 billion, reflecting the impact of tariffs [7][8] Financial Performance - Ford Blue segment generated $25.8 billion in revenues (down 3% YoY) and $661 million in EBIT (down from $1.67 billion YoY) [6] - Model e recorded $2.4 billion in revenues (up 105% YoY) but a negative EBIT of $1.3 billion (wider than the previous year's loss) [6] - Ford Pro revenues totaled $18.8 billion (up 11% YoY) with EBIT at $2.3 billion (down from $2.5 billion YoY) [6] - Ford Credit generated $3.2 billion in revenues (up roughly 1% YoY) and $645 million in EBT (up 88% YoY) [6] Tariff Impact - Ford's gross tariff cost forecast has increased to $3 billion, with plans to offset $1 billion through mitigation efforts [2][4] - General Motors reported a $1.1 billion impact from tariffs in Q2, while Stellantis faced a $350 million tariff drag [3] Market Position - Ford's stock has risen approximately 10% year-to-date, contrasting with declines in General Motors and Stellantis shares [9] - The company is trading at a forward sales multiple of 0.27, significantly lower than the industry average of 2.7 [12] Outlook - The Zacks Consensus Estimate for 2025 EPS indicates a 38% decline YoY, with a projected growth of 12.7% for 2026 [14] - Ford's commercial division, Ford Pro, is experiencing growth due to demand for Super Duty trucks and software offerings [15] - The company maintains strong liquidity with $46.6 billion in total liquidity, including $28.4 billion in cash [16] Challenges - Ford's EV business is currently operating at a loss, and rising recall costs are impacting margins, with a $570 million charge related to a major SUV recall in Q2 [17] - The company has been leading the auto industry in recalls in 2025, which adds to its operational challenges [17]

Quality & Recalls - Ford's initial quality is now highly competitive, recognized as the most awarded company and brand in JD Power's Initial Quality Study (IQS) [1] - Launch quality has surpassed competitors [2] - Recalls primarily affect vehicles engineered in 2015 and 2016, often involving software updates (OTAs) that are not significantly expensive [2] - Ford anticipates potential increases in recalls as a proactive measure to protect customers, with more inspectors and engineers focused on identifying quality issues in the field [3] Warranty & Cost - Base coverages account for 60% of Ford's warranty costs, which are expected to decrease as quality improvements are implemented [2] - Warranty coverages are already declining, indicating positive progress in quality improvements [4] - Recalls are considered the slowest metric to improve in terms of quality enhancements [4]

Ford, the 122-year-old auto pioneer, wants to refocus investors on its future as it struggles with recalls and absorbing tariffs, @liamdenning says (via @opinion) https://t.co/4WR1H5pFXm ...

What are these trade deals that the Trump administration is doing going to do for Ford's EV competitiveness globally. And what if anything needs to happen in these uh negotiations the administration's in with China. >> Well, yes.I I think first of all, you know, the EU and the Japan trade agreement are pretty material for our for our industry. For a company like Ford who makes most of its products in the US, you know, that's a $5 $6,000 benefit. Um and so what we're working with the administration is the la ...

Ford to reveal more about its new low-cost electric vehicles on August 11 | TechCrunch https://t.co/L3tHdMpq1o ...