Ford Motor (F) earnings Q3 2023

Detroit- Ford The company is scheduled to report third-quarter earnings after the bell on Thursday.

Wall Street expected the following, according to an average estimate compiled by London Stock Exchange Group (LSEG, formerly Refinitiv).

• Adjusted earnings per share: 45 cents
• Car income: US$41.22 billion

Compared with the same period last year, adjusted earnings per share will grow by more than 50%, and automotive revenue will grow by 10.8%.

Beyond earnings, Wall Street will be watching the impact of the nearly six-week UAW strike against the automaker, which ended late Wednesday after the two sides reached a tentative deal.

Barclays analyst Dan Levy estimates the total impact of the strike on Ford at $600 million to $700 million. GM reported Tuesday that would be less than an $800 million impact, including $200 million in the third quarter.

“While we await final details, the main terms appear to be in line with our expectations for a strike and are likely to be reflected in stocks,” Levy said in an investor note late Wednesday.

According to Deutsche Bank, the total cost of the agreement is expected to increase by $6.2 billion over a four-and-a-half-year period, subject to approval by member states.

The agreement includes a 25% pay increase over the terms of the agreement, with an initial increase of 11%. These raises and benefits cumulatively raise top wages to more than $40 an hour, with starting wages increasing 68% to more than $28 an hour.

It also includes the restoration of cost-of-living adjustments, a path to maximum wages within three years and the right to strike against factory closings. Among other significantly enhanced benefits.

The Detroit automaker has been dealing with an ongoing strike by UAW members after the union and the company failed to reach a temporary labor agreement covering 146,000 workers by a Sept. 14 deadline.

Striking Ford workers will return to work during the vote, the UAW said late Wednesday, putting pressure on General Motors and Stellantis to agree to the terms of a tentative deal.

—CNBC Michael Bloom contributed to this article.