Ford Stock Is Facing Heavy Selling Pressure Tuesday: What's Going On?
Ford Stock Is Facing Heavy Selling Pressure Tuesday: What's Going On?
"No doubt there's a global price war. And it's fueled by over-capacity, a flood of new EV nameplates and massive compliance pressure," Ford CEO Ford Motor Co (NYSE:F) stock is trading lower on the heels of the Detroit-based automaker's third-quarter results. The company's soft earnings outlook appears to be weighing on shares.
福特汽車公司（紐約交易所：F）股票交易走低，這主要是基於這家總部位於底特律的汽車製造商第三季度業績不佳。公司薄弱的盈利前景似乎拖累股價。
- Q3 Revenue: $46.2 billion, versus estimates of $41.88 billion
- 第三季度營業收入：462億美元，高於418.8億美元的估值
- Q3 EPS: 49 cents, versus estimates of 47 cents
- 第三季度每股收益：49美分，高於47美分的估值
Total revenue was up 5% on a year-over-year basis. Ford Blue sales were up 3% to $26.2 billion in the quarter. Ford Pro sales were up 13% year-over-year to $15.7 billion. Ford Model e sales fell 33% year-over-year. Ford's electric vehicle segment also recorded an EBIT loss of $1.2 billion in the quarter.
總營業收入同比增長5%。福特藍板塊銷售額上漲3%，達到262億美元。福特Pro銷售額同比增長13%，達到157億美元。福特Model e銷售額同比下降33%。福特的電動車板塊在本季度錄得了12億美元的息稅前利潤虧損。
Guidance: Ford now expects full-year adjusted EBITDA of about $10 billion, down from prior guidance of $10 billion to $12 billion. The company expects full-year Ford Pro EBIT of about $9 billion and full-year Ford Blue EBIT of about $5 billion. The company anticipates a full-year loss of about $5 billion for the Ford Model e segment.
展望：福特現在預計全年調整後的EBITDA約爲100億美元，低於之前的100億至120億美元的指引。公司預計全年福特Pro息稅前利潤約爲90億美元，全年福特Blue息稅前利潤約爲50億美元。公司預計福特Model e板塊全年虧損約爲50億美元。
"No doubt there's a global price war. And it's fueled by over-capacity, a flood of new EV nameplates and massive compliance pressure," Ford CEO Jim Farley said on the conference call.
「毫無疑問存在全球價格戰。這主要是由於產能過剩、大量新的電動汽車品牌湧現以及巨大的合規壓力所導致的，」福特首席執行官吉姆·法雷在電話會議上表示。
"Clearly, our strategic advantages are not falling to the bottom line the way they should ... Costs, especially warranty, has held back our earnings power."
「顯然，我們的戰略優勢沒有像應有地反映在盈利中……成本，尤其是保修，阻礙了我們的盈利能力。」
Analyst Updates: Following the print, Barclays analyst Dan Levy maintained Ford with an Overweight rating and lowered the price target from $14 to $13. RBC Capital analyst Tom Narayan reiterated a Sector Perform rating and maintained a price target of $10.
分析師更新：在發佈後，巴克萊分析師丹·萊維維持對福特的增持評級，並將價格目標從14美元下調至13美元。RBC資本分析師湯姆·納拉揚重申板塊表現評級，並維持10美元的價格目標。
F Price Action: Ford shares were down 9.19% at $10.33 at the time of publication Tuesday, according to Benzinga Pro.
福特股價走勢：根據彭博智庫，在週二發佈時，福特股價下跌了9.19%，報10.33美元。
Photo: courtesy of Ford.
照片：福特的禮遇。
譯文內容由第三人軟體翻譯。
