Ford Stock Falls After Earnings. What Wall Street Thinks.

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Ford’s Maverick in hybrid form, with 37 mpg combined.

Ford photo

Ford Motor

‘s fourth-quarter earnings, reported Thursday evening, came in a little light, and financial guidance for 2022 didn’t blow investors away. The stock was trading lower

F

riday, and it could be a tough day for Ford bulls since Wall Street isn’t defending shares following the earnings miss.

Ford (ticker: F) stock was at $17.92 in early trading Friday, down 9.9%. The

S&P 500
is up about 0.4%, while the

Dow Jones Industrial Average
has fallen about 0.1%.

The company reported 26 cents in adjusted per-share earnings. It posted $2 billion in operating income from $37.7 billion in sales. Wall Street expected earnings of 45 cents a share along with $2.8 billion in operating income from $34.5 billion in vehicle sales.

Looking ahead, Ford expects to earn about $12 billion in operating profit in 2022, right in line with analysts’ projections.

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Deutsche Bank analyst Emmanuel Rosner lowered his price target to $21 from $24. His problem wasn’t with the fourth-quarter number. Rosner has concerns that the 2022 guidance is aggressive. Ford Chief Financial Officer John Lawler said that he expects better performance in the second half of 2022 as more semiconductor supply comes online.

Global automotive…

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