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Peloton announces Ford exec Peter Stern as its next CEO
CNBC· 2024-10-31 19:12
Clothing inside a Peloton store in Palo Alto, California, US, on Monday, Aug. 5, 2024.Peloton on Thursday said it has appointed a Ford executive to be its next CEO and president. Peter Stern, the president of Ford Integrated Services, primarily oversaw the automotive company's subscription services, such as BlueCruise, Pro Intelligence, connectivity and security. He also led the company's digital product team. Before Ford, Stern held positions at Apple and Time Warner Cable. He is the third CEO to lead Pelo ...
OFL responds to Fall Economic Statement: Ford can't build the Ontario we need
GlobeNewswire News Room· 2024-10-31 03:29
TORONTO, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Ford’s Conservative government tabled their Fall Economic Statement today, outlining their priorities for the months ahead. The Ontario Federation of Labour (OFL) says the update offers no real gains for Ontarians who are feeling the pain of the ongoing health care, housing, and affordability crises. “Today’s update included Ford’s scheme to dole out one-time $200 cheques to even the wealthiest of Ontarians,” said Laura Walton, President of the Ontario Federation o ...
The Market Overreacts, I Am Buying Ford's 17% Earnings Yield
Seeking Alpha· 2024-10-30 11:43
文章核心观点 - 分析师看好福特汽车(F)的电动车销售前景,预计将在第三季度财报中表现强劲 [1] - 分析师自身持有福特(F)和通用汽车(GM)的股票,并表示这是自己的观点,没有从任何公司获得报酬 [1] 行业总结 - 过去业绩不能保证未来表现 [2] - 分析师意见可能不代表Seeking Alpha网站的整体观点,分析师并非注册的证券交易商或投资顾问 [2]
S&P 500 Gains and Losses Today: Ford Stock Falters as Earnings Miss the Mark
Investopedia· 2024-10-30 05:10
Key Takeaways The S&P 500 added 0.2% on Tuesday, Oct. 29, as tech and communication stocks outperformed ahead of quarterly updates from some big names. Shares of Cadence Design Systems surged after the electronic design automation provider topped estimates, citing strong revenue from its AI portfolio. Stanley Black & Decker shares plunged as soft consumer and automotive demand weighed on the toolmaker's results. Major U.S. equities indexes were mixed on Tuesday. The technology and communication sectors outp ...
Analysts Were Uninspired by Ford's Earnings But Remain Bullish Long Term. Here's Why
Investopedia· 2024-10-30 04:10
Key Takeaways JPMorgan and Bank of America analysts lowered their price targets for Ford after the automaker's thirdquarter results. The company missed Wall Street's earnings estimates partly due to its "persistently high warranty expense, according to JPMorgan. The company's Ford Pro commercial division is a reason for optimism long term, BofA said. Ford (F) shares fell Tuesday, as analysts from JPMorgan and Bank of America cut their price targets after the automaker's underwhelming third-quarter results. ...
Ford Hits Speed Bump, But Is It Temporary? Analysts Differ
Benzinga· 2024-10-30 01:49
Shares of Ford Motor Co F tanked in early trading on Tuesday, after the company reported its third-quarter results. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Bank of Securities analyst John Murphy maintained a Buy rating, while reducing the price target from $20 to $19. RBC Capital Markets analyst Tom Narayan reiterated a Perform rating and price target of $10. Check out other analyst stock ratings. Bank of America Securities: Ford reported adjus ...
Why Ford Motor Company Stock Crashed 9% After Earnings
The Motley Fool· 2024-10-30 00:53
Ford stock would look cheap -- if it just stopped losing money on EVs.Ford Motor Company (F -9.06%) stock slid 8.9% through 10:40 a.m. ET Tuesday despite beating on the both top and bottom lines in its earnings report last night.Heading into earnings, analysts forecast the automotive giant would earn $0.47 per share on $41.9 billion. In fact, Ford reported a profit of $0.49 (adjusted for one-time items), and its revenue exceeded expectations as well -- $46.2 billion.Ford stock by the numbersSo that's the go ...
Ford to see better profit ahead despite earnings miss - Bank of America
Proactiveinvestors NA· 2024-10-29 23:02
About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and onl ...
Ford Stock Falls on Gloomy Revenue Forecast
Schaeffers Investment Research· 2024-10-29 22:18
Ford Motor Co (NYSE:F) stock is lower Tuesday, after the automobile manufacturer issued full-year guidance that was at the low end of its previous range, amid softening demand, rising inventory, and worries surrounding the viability of cost-cutting measures. Meanwhile, the company's third-quarter results were in line with expectations. At last glance, F was down 9.7% at $10.27 to trade near a floor that saved its early September pullback. The equity is pacing for its worst single-session percentage loss sin ...
Ford's Q3 Earnings Match Estimates, Increase Year Over Year
ZACKS· 2024-10-29 21:50
Ford (F) reported third-quarter 2024 adjusted earnings per share (EPS) of 49 cents, which came in line with the Zacks Consensus Estimate but increased from 39 cents recorded in the year-ago quarter. The company’s consolidated third-quarter revenues came in at $46.2 billion, up 5.4% year over year. F’s total automotive revenues came in at around $43.07 billion, surpassing the Zacks Consensus Estimate of $41.2 billion and higher than $41.18 billion generated in the year-ago quarter.Stay up-to-date with the qu ...