Core Viewpoint - General Motors (GM) is expected to report quarterly earnings of $2.66 per share, a 1.5% increase year-over-year, while revenues are forecasted to decline by 1.5% to $42.37 billion [1]. Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been revised downward by 1.8%, indicating analysts' reassessment of their initial forecasts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are linked to short-term stock price performance [3]. Revenue Projections - Analysts estimate GM Financial's total net sales and revenue at $3.92 billion, reflecting a 3% increase from the previous year [5]. - Total Automotive revenue for GM North America (GMNA) is projected to be $34.52 billion, indicating a 4.4% year-over-year decline [5]. - Total net sales and revenue for Total Automotive is expected to reach $38.17 billion, a decrease of 2.7% year-over-year [6]. - GM International (GMI) is forecasted to have total net sales and revenue of $3.10 billion, showing a slight increase of 0.4% from the prior year [6]. Vehicle Sales Estimates - Total net sales and revenue for Total Automotive Corporate is anticipated to be $37.13 million, a significant increase of 16% from the previous year [7]. - GM Cruise's revenue is expected to reach $25.00 million [7]. - Worldwide wholesale vehicle sales for GM North America are projected at 765.55 thousand, down from 792 thousand in the same quarter last year [7]. - Total worldwide wholesale vehicle sales are estimated to be 901.35 thousand, slightly up from 895 thousand year-over-year [8]. - Total GMI wholesale vehicle sales are expected to reach 125.3 thousand, compared to 104 thousand last year [8]. Operating Segments - Analysts project GMNA operating segments to generate $3.20 billion, down from $3.84 billion year-over-year [9]. - GM Financial's operating segments are estimated at $690.47 million, a decrease from $737 million in the same quarter last year [9]. Stock Performance - Over the past month, GM shares have declined by 10%, compared to a 5.1% decline in the Zacks S&P 500 composite [9]. - GM currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [9].
General Motors (GM) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates