As we eagerly await General Motors’ second-quarter earnings report, all eyes are on America’s largest carmaker to see if they will exceed Wall Street’s expectations. According to analysts, GM is expected to report earnings per share of $2.75 adjusted and revenue of $45.46 billion.
What sets GM apart from other Detroit automakers is its stable sales and vehicle prices during the first half of the year. If GM meets or surpasses these estimates, it would mark a 1.6% increase in revenue compared to the previous year and a significant 44.2% increase in adjusted earnings per share.
In addition to the second-quarter results, investors are eagerly anticipating GM’s guidance for 2024. The automaker has already raised its guidance, with adjusted earnings projected to be between $12.5 billion and $14.5 billion, or $9 to $10 a share. GM also expects adjusted automotive free cash flow to fall between $8.5 billion and $10.5 billion.
Aside from financial performance, investors will be looking for updates on GM’s all-electric vehicle plans, capital expenditure, and operations in China. GM has recently faced challenges in China, impacting sales and earnings in the region.
Stay tuned for more updates on GM’s performance and future outlook. Make sure to check back frequently for the latest news and analysis on General Motors and the automotive industry. Extreme Investor Network is your go-to source for in-depth coverage and expert insights on the latest business news and trends.