General Motors is set to report earnings before the bell. Here's what Wall Street expects

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Breaking News: Earnings Notícia

Earnings,General Motors Co,Business

Wall Street expects GM to report solid results for the first quarter, with vehicle pricing remaining higher than anticipated.

Wall Street analysts expect adjusted earnings per share of $2.15 and revenue of $41.92 billion.Follow your favorite stocksThe GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021.is set to report its first-quarter earnings before the bell Tuesday.

Wall Street expects General Motors to report solid, if not "resilient," results for the first quarter of this year, largely driven by expectations that vehicle pricing remained higher than anticipated to begin the year, according to recent analyst notes.Earnings per share:Those results would mark a 4.7% increase in revenue compared to a year earlier and a 3% decline in adjusted earnings per share. GM'sincluded $39.

Aside from the results, some investors expect the company to raise its annual forecast, or, at the very least, guide toward the top of its previously announced targets.released in January included net income attributable to stockholders of $9.8 billion to $11.2 billion, or $8.50 to $9.50 in earnings per share; adjusted earnings before interest and taxes, or EBIT, of $12 billion to $14 billion; and adjusted automotive free cash flow between $8 billion and $10 billion.

The earnings guidance was largely better than GM's results last year and in line with or higher than many Wall Street analysts' expectations of flat results compared with 2023.and its stock buyback program.

 

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