Posted 10/24/2023, 8:42:00 PM
Ford Earnings Due Thursday, Seen Rebounding But Outlook Uncertain Amid Industry Headwinds
- Ford earnings due Thursday, seen rebounding 55% though outlook uncertain after GM yanked guidance
- Ford stock fell Tuesday to multi-month low below 50-day line
- Key will be 2023 outlook as analysts see full-year earnings up just 9% amid slow EV shift
- follows UAW strike impacting profitable truck plants, adds to risks like rates, inflation
- Ford stock forming cup base, but challenging market conditions discourage new buys
