Analysts revise Ford stock price target after earnings
This is what could happen next to Ford shares.
Jim Farley is keeping his eyes on the road.
Ford Motor's F chief executive told analysts in every single place the world the automaker's 1/3-quarter-earnings call that "we're going to continue to stay laser-concerned about cost and getting leaner as an organization."
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The Dearborn, Mich., company missed Wall Boulevard analysts' consensus expectations in the previous quarter as warranty costs pushed down profit.
Ford posted a bit better-than-expected results for essentially essentially the most up-to-date quarter but guided to the low end of its 2024 earnings forecasts.
"Costs, in particular warranty, has held back our earnings power, but as we bend that curve, there may o.k. be significant financial upside for investors," Farley said.
"By design 70% of the bonuses for our managers is tied to cost and quality, and greater than half of of our long-term incentives as leaders is tied to [total shareholder return]."
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