What GM and Ford investors should know ahead of third-quarter earnings

are expected to report solid third-quarter earnings Wednesday despite an ongoing global disruption of supply chains, including a shortage of semiconductor chips that have depleted vehicle inventories but boosted profits this year.

Here's what Wall Street analysts expect from each automaker's third-quarter earnings as well as other things investors should know about before GM reports ahead of the market opening Wednesday, followed by Ford after the markets close.Analyst estimates compiled by Refinitiv expect GM to report earnings per share of 96 cents and revenue of $26.5 billion, down 25.3% compared to a year earlier.

GM said it expects to take a hit of between $3.5 billion to $4.5 billion during the second half of the year, due to a $1.5 billion to $2 billion rise in commodity costs and lower earnings from its financial arm. "We expect both Ford and GM to beat 3Q consensus estimates and maintain/raise full-year guidance. Beyond that, we see several potential catalysts on the horizon for both companies," he said in an investor note Monday, citing electric and autonomous vehicle developments.While the automakers are pouring billions into electric and autonomous vehicles, the segment won't contribute much to their third-quarter earnings.

During the quarter, GM also said it would recognize an estimated recovery in the third-quarter that will offset $1.9 billion of $2.0 billion in charges associated with an ongoing recall of its Chevrolet Bolt EVs as part of a settlement with LG, which produced the defective batteries.Ford's stock is up about 80% this year, so investors will be watching for any additional drag on the automaker heading into next year.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Asia-Pacific stocks mixed as investors look ahead to HSBC earningsJapan stocks set to slip as investors look ahead to HSBC earnings this is terrible news Your waiting for a little sugar in coffee ☕ Infrastructure or the other ☝👎💰💰😋❗ Unfortunately that's apparently not true quarterly reports says its been put back reach lifetime payments
La source: CNBC - 🏆 12. / 72 Lire la suite »

Stocks Close At Record Highs After Tesla Hits $1 Trillion In Market ValueInvestors are looking ahead to major tech earnings this week, hoping they can further boost stocks.
La source: Forbes - 🏆 394. / 53 Lire la suite »

Facebook shares rise as investors focus on earnings beat and buyback over revenue miss and outlookFacebook CEO Mark Zuckerberg has responded to recently leaked documents & reports about the company: 'My view is that what we are seeing is a coordinated effort to selectively use leaked documents to paint a false picture of our company.' ZuCk KiLLs GOATs 'iNJuStiCe aNYwHeRe iSa tHReAt tO JuStiCe eVeRYwHeRe' MLKJ READ & Take Action; Terminate Obstruction oF Justice REAL Revolution RussellRope 🐐📰💣 donie Okay Mark, we trust you. Not. DeleteFacebook donie Facebook mission statement: We harvest as much user data as possible regardless of the contents being shared. Our algorithms push more sharing of contents to all users. We don’t pull down false content per First Amend. We then sell the data to ad brokers to generate revenues.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Facebook shares rise as investors focus on earnings beat and look past whistleblower document dumpFacebook shares rose in extended trading on Monday after the company reported better-than-expected third-quarter earnings while revenue missed estimates. Buyback stocks to save company stock , Facebook can not stop the end , just Delay Thats qas fuking halarious that mark says oh no qe dont like misinformation but do nothing to stop it, oh yes we belive in safty over profits but dont look over here at our 9 billion profit margin
La source: CNBC - 🏆 12. / 72 Lire la suite »