Earnings Report - Ford Motor Company is set to release its earnings results for Q1 after the market closes on May 5, with analysts expecting earnings of 2 cents per share, a significant decrease from 49 cents per share in the same period last year [1] - The projected quarterly revenue is $35.79 billion, down from $39.89 billion a year earlier [1] Development Termination - Ford has reportedly halted the development of an advanced electrical architecture that is essential for modern electric vehicles, similar to those produced by Tesla [2] Stock Performance - Ford shares experienced a 1% increase, closing at $10.28 on Friday [2] Analyst Ratings - Citigroup analyst Michael Ward initiated coverage with a Neutral rating and a price target of $10 [7] - Goldman Sachs analyst Mark Delaney downgraded the stock from Buy to Neutral, reducing the price target from $11 to $9 [7] - Piper Sandler analyst Alexander Potter maintained a Neutral rating and lowered the price target from $13 to $9 [7] - Jefferies analyst Philippe Houchois downgraded the stock from Hold to Underperform, cutting the price target from $12 to $9 [7] - Wolfe Research analyst Emmanuel Rosner downgraded the stock from Peer Perform to Underperform [7]
Top Wall Street Forecasters Revamp Ford Motor Expectations Ahead Of Q1 Earnings