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Stock impact report

General Motors Q1 results on deck: What to expect [Seeking Alpha]

AllianceBernstein Holding L.P. Units (AB) 
Last alliancebernstein holding l.p. units earnings: 4/28 06:20 am Check Earnings Report
Company Research Source: Seeking Alpha
Wall Street expects the Detroit, Michigan-based automaker to post EPS of $2.11, implying a fall of 4.5%. Revenue is expected to rise 4.5% to $41.78 billion during the quarter. Earlier in January, the company set a stronger profit outlook for 2024 than anticipated, even as revenue was down 0.3% year-over-year during the fourth quarter. The company said it expects to cut costs by $1B and slow down the cash burn with the Cruise business. The company's stock grew over 9% since its fourth quarter results. Overall, it has gained nearly 18% so far this year, compared to the 4% rise in the broader S&P500 Index. Analysts are optimistic with Seeking Alpha, Wall Street and Seeking Alpha's Quant ratings all considering the stock Buy and above. Seeking Alpha analyst Luca Socci said that despite past challenges like sluggish growth and dividend cuts, the market might see a potential turnaround for GM. The company faces pressure that includes lower industry pricing, decline in China's mar Show less Read more
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