DETROIT – Ford MotorAfter the market closes Wednesday, is expected to announce third quarter earnings.

Based on Refinitiv’s average analyst estimates, here’s what Wall Street should expect.

• Adjusted EPS:Shares 27c
• Automobile revenue$32.54 Billion

Ford increased its guidance for this year in July but advised investors that the second half would be less than the first. regarding its operating profitThe figure was 5.9 billion as of June. According to the company, full-year adjusted earnings without taxes were between $9 billion and 10 billion. Adjusted free cash flow was between $4 billion billion and $5 billion.

Even though it lost money, the company raised its annual guidance. roughly half of its productionDue to a global shortage of semiconductor chip, the first quarter was impacted by a slowdown in demand. Ford was expecting an increase in parts supply during the third quarter.

John Lawler, the CFO of Ford Credit, mentioned favorable higher sales volumes in the range $3 billion to $4Billion, however, commodity costs, lower Ford Credit earnings and other factors, such as 500 million more in warranty costs, contributed to the company’s results at the end.

Ford posted a net profit $2.3 billion, and adjusted pretax gains of $3.6 billion during the third quarter of 2020.This was the time when most dealerships and plant were able to reopen after having been closed during the second quarter due to the coronavirus epidemic. In the third quarter, 2020’s automobile revenue reached $34.7 billion.

Ford stock has risen by around 80% in the past year. Investors will also be closely monitoring third quarter earnings for signs of any potential drag to next year.

Wall Street analysts have made several bullish calls about Ford as they head into earnings. Credit Suisse upgraded Ford. to outperform from neutral.

Ford’s American largest rival General MotorsWall Street had expected a better third-quarter report from GM on Wednesday morning. GM stock fell more than 5% in intraday trading despite the beatings. lowering free cash flow guidancefor the year, and failing to meet some investors expectations for the rest of the year.