Ford Motor Company to Report Second-Quarter Earnings Tuesday

Ford Motor Company is scheduled to release its second-quarter financial results this Tuesday after market hours. Analysts project a 1.2% year-on-year revenue decline for the quarter, a shift from the 5% increase recorded during the same period last year.

This outlook follows a strong first quarter where the company reported revenues of $43.25 billion, marking a 6.4% year-on-year increase that beat estimates for revenue, earnings per share, and adjusted operating income. Despite the projected quarterly decline, Ford's share price has risen 2.4% to $14.35 over the last month, outperforming the broader automobile manufacturing sector, which saw an average share price decline of 3.5%.

Industry peers have already disclosed their second-quarter results. General Motors reported a 1.9% revenue increase, while Mobileye posted flat year-on-year revenue. Ford's current share price remains below the average analyst price target of $15.05.