Ford Stock Rises in Anticipation of Earnings Report, Echoing GM's Strong Performance

Ford Motor Co (NYSE: F) shares experienced an uptick on Tuesday, apparently reacting to the positive momentum generated by General Motors Co (NYSE: GM). GM's stock climbed after the company reported robust quarterly earnings that exceeded analysts' expectations.

General Motors' Impressive Results

General Motors announced its fourth-quarter financial outcomes on Tuesday morning, showcasing a $43 billion revenue that surpassed the anticipated $38.97 billion. Moreover, GM's adjusted earnings of $1.24 per share outdid the forecasted $1.16 per share. The impressive earnings report and the optimistic earnings projection for 2024, estimating $8.50 to $9.50 per share against the expected $7.83 per share, were significant factors propelling the stock upward.

Anticipation Around Ford's Earnings

Ford is also preparing to share its fourth-quarter financial results on February 6, after the market closes. Predictions suggest that Ford might report earnings of 13 cents per share with a quarterly revenue of $40.142 billion, as per Benzinga Pro estimates.

Market's Perspective on Ford

Market analysts currently have a neutral stance regarding Ford stock, reflecting the general sentiment over the past three months. Investor perceptions may continue to develop, particularly in light of Ford's recent stock price increment of 17.47% in three months and a revenue growth of 10.71% over the last year. According to the market performance, this outlook suggests rising confidence in the company's business prospects and stock attractiveness.

Ford's recent share price movement: the stock was up 1.12% at $11.68 at the time under review, mirroring the positive trend noted by the broader market.

Ford, GM, Earnings