Ford Anticipates Weak 2018, Pins Hope On Launches For 2019
Zacks Investment Research | Jan 17, 2019 08:24PM ET
In the recently announced preliminary results, Ford Motor Company (NYSE:F) stated that it expects weaker fourth-quarter and 2018 earnings, owing to high costs, economic volatility in China and struggling vehicle sales in Europe. In fact, the company projects that the same headwinds might impact earnings in 2019.
The automaker anticipates adjusted earnings of 30 cents per share and quarterly revenues of $41.8 billion for fourth-quarter 2018. For 2018, it expects revenues of $160.3 billion and adjusted earnings of $1.30 per share. The recently announced earnings expectation is at the lower end of the previous operating earnings projection of $1.30-$1.50 per share. Ford is scheduled to announce 2018 earnings on Jan 23.
Amid its business restructuring plan, the company expects earnings and revenues to improve in 2019. However, steel and aluminum tariff-related costs are anticipated to cut yearly profits by roughly $700 million. Further, a no-deal Brexit and a fluctuating U.S. trade policy are likely to have adverse impacts in 2019. This U.S. automaker didn’t disclose the complete forecast for the current year.
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