Before the bell, General Motors will report earnings.
- General Motors is set to report its second-quarter earnings before the bell Tuesday.
- Wall Street analysts anticipate earnings per share of $2.75 and revenue of $45.46 billion.
- GM executives will host an earnings conference call at 8:30 a.m. ET.
DETROIT — is set to report second-quarter results before the bell Tuesday.
America's largest carmaker, General Motors (GM), is predicted by Wall Street to outperform the traditional Detroit automakers in the first half of the year, with both sales and vehicle prices remaining steady.
Here is what analysts expect, according to average estimates compiled by LSEG:
- Earnings per share: $2.75 adjusted
- Revenue: $45.46 billion
In the second quarter of the previous year, GM's revenue was $44.75 billion, with a net income attributable to stockholders of $2.57 billion and adjusted earnings before interest and taxes of $3.23 billion. These results represented a 1.6% increase in revenue and a 44.2% increase in adjusted earnings per share compared to the same period the previous year.
If not increase it further, Wall Street analysts anticipate that GM will aim for the upper limit of its previously elevated 2024 guidance.
The GM 2024 guidance predicts earnings of $12.5 billion to $14.5 billion, or $9 to $10 per share, and automotive free cash flow in the range of $8.5 billion to $10.5 billion.
Investors will closely monitor updates on GM's all-electric vehicle plans, capital expenditures in China, and sales and earnings performance in that region, in addition to second-quarter results and 2024 guidance.
This is developing news. Please check back for additional updates.
Business News
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