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Stock impact report

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

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: CNBC
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. Here is what Wall Street is expecting, according to average estimates compiled by LSEG: 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's first-quarter 2023 results included $39.99 billion in revenue, net income attributable to stockholders of $2.4 billion and adjusted earnings before interest and taxes of $3.8 billion. 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. GM's 2024 guidance 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 Show less Read more
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