Ford Motor Company (F), recently experienced a significant price crash, with stocks down by 17%. The automotive giant missed Q2 2024 earnings estimates, causing the stock value to further decrease. Notably, investigations are being encouraged by Bronstein, Gewirtz & Grossman, LLC, and Pomerantz Law Firm for purported investor wrongdoings. Despite these concerns, Ford's Q2 2024 results show a 6% revenue rise, although adjusted profit has declined. The F-series Super Duty Production is expected to expand to Canada, showing possible future growth opportunities. F stockholders were alerted regarding a securities fraud investigation led by the Schall Law Firm. The Company also missed earnings expectations by $0.21 EPS and issued a downward revision of its guidance. Still positively, Ford is offsetting concerns with complimentary EV Chargers rollout in California, a move towards multi-energy technology, and expansion of F-series truck production. The company’s earnings report showed a 56% rise in hybrids, and a 61% increase in electric vehicles (EVs) year over year. The increased warranty claims nevertheless made investors skittish, affecting stock prices. There is speculation as well that Ford is considering using cryptocurrencies to mitigate traffic congestion. Despite current challenges, bullish perspectives on Ford's stock exist due to its strong free capital flow margin.
Ford Motor Company F News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Sun, 28 Jul 2024 20:00:00 GMT -
Rating -8
- Innovation -5
- Information 8
- Rumor -6
