A GMC pickup truck is displayed for sale on a lot at a General Motors dealership in Austin, Texas, on January 5, 2023.
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Here’s what analysts expect, according to average estimates compiled by LSEG:
- Earnings per share: $2.75 adjusted
- Income: $45.46 billion
The results would mark a 1.6 percent increase in revenue from a year earlier and a 44.2 percent increase in adjusted earnings per share. GM’s second-quarter results last year included revenue of $44.75 billion, net income attributable to shareholders of $2.57 billion and adjusted earnings before interest and taxes of $3.23 billion.
Several Wall Street analysts expect GM to approach the upper end of the automaker’s already-raised forecast for 2024, or even raise it again.
GM’s 2024 guidance includes adjusted earnings of $12.5 billion to $14.5 billion, or $9 billion to $10 billion per share, and adjusted automotive free cash flow of $8.5 billion to $10.5 billion.
In addition to second-quarter results and 2024 guidance, investors will be watching for updates on the automaker’s all-electric vehicle plans, capital spending and operations in China, where GM has recently struggled with sales and profit issues.
This is a developing story. Please check back regularly for additional updates.
