NEW YORK (TheStreet) -- There was a point earlier this year when the Street was completely in awe about what Alan Mulally has done to turn around the fortunes of Ford (F), which, until his arrival, had struggled to execute.Impressively, in only the first seven months of the year, Ford had already surpassed its entire cash total for 2012. This (among other things) not only propelled Mulally to the top of everyone's candidacy for CEO of the year, but some have even suggested he should replace Steve Ballmer as CEO of Microsoft ( MSFT). Unfortunately, though, while Ford has been -- without a doubt -- the model of what can happen when vision meets strong execution, investors have grown frustrated about the lack of movement in the share price. Although the stock closed Tuesday at $17.60 and is sitting near its 52-week high, shares have gone nowhere for more than four months.
We know that in the company's first two earnings reports combined, Ford has already earned 86 cents per share on the year. Analysts are projecting full-year earnings to be at $1.56. This means that management only has to post combined earnings of 70 cents per share in the next two quarters. Now, subtracting the 37 cents per share that the company is expected to post this quarter, means that Ford would only have to achieve 33 cents per share in the fourth quarter. Follow @saintssense This article was written by an independent contributor, separate from TheStreet's regular news coverage.