Ford Earns Strong Buy Upgrade as Earnings Estimate Jumps 7% and Faces $19.5B EV Charge
In the last 60 days, Ford's Zacks Consensus Estimate for current-year earnings rose 7%, earning it a place on the Zacks Rank #1 (Strong Buy) list. Ford reported a $19.5 billion EV-business charge and discontinued F-150 Lightning production, signaling a strategic shift in its electric pickup rollout.
1. Zacks Strong Buy Upgrade
Ford's inclusion on the Zacks Rank #1 list follows a 7% increase in its current-year earnings estimate over the past 60 days, reflecting improved analyst outlook on its core automotive operations.
2. EV Business Charge
The automaker recorded a $19.5 billion charge related to its electric vehicle business, underscoring costs from program adjustments, supplier settlements and contractual changes.
3. F-150 Lightning Production Halt
Ford has ceased production of the F-150 Lightning EV pickup, redirecting resources as it reassesses its electric truck rollout and adjusts to market and regulatory pressures.