The US automaker Ford (NYSE: F) stock has taken a hit in the recent downturn and plunged from $25 to almost near $10 per share since January 2022. The ongoing shortage of semiconductors also caused solid bearish momentum. However, I believe the Ford shares are now an absolute bargain for patient investors.
Ford Q2 results overview
Recently, Ford revealed the second quarter delivery report. The automaker managed to report an increase in unit sales for the last quarter, Ford delivered almost 484,000 cars. While the sales in China were the worst sales report in the region since 2020, the sales plunged more than 20% in the second quarter. Moving ahead, the investors should closely monitor the release of second-quarter financial results, Ford will report Q2 2022 earnings results on July 27th after the market close. The company is expected to post quarterly earnings of $0.45 per share and revenues are expected to be $35.04 billion.