04:27 PM EDT, 07/22/2024 (MT Newswires) -- Ford Motor ( F ) faces "downside risk" to Q2 results versus consensus estimates, with "flattish" EV sales and concerns over significant H2 price normalization, RBC Capital Markets said in a note.

If Q2 performance is strong in the Blue segment, EV losses are lower, and if Pro remains resilient, there could be an upgrade to Ford's 2024 guidance, the investment firm said.

Risks include the cyclical nature of the sector, increased competition, inability to pass higher input costs, and potential failure of emerging investment opportunities, RBC analysts added in a note Sunday.

The brokerage is estimating Q2 adjusted earnings per diluted share of $0.55 on revenue of $44.28 billion.

Ford is expected to announce its Q2 results on July 24.

RBC has a sector perform rating on the company's stock with a $13 price target.

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