Core Viewpoint - General Motors (GM) is expected to report a decline in quarterly earnings and revenues, with analysts predicting earnings of $2.45 per share, a decrease of 19.9% year-over-year, and revenues of $45.34 billion, down 5.5% from the previous year [1]. Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been adjusted upward by 1%, indicating a reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts forecast GM Financial's total net sales and revenue to reach $4.02 billion, reflecting a year-over-year increase of 2.6% [5]. - Total Automotive revenue is expected to be $41.02 billion, indicating a decline of 6.9% from the previous year [6]. - The estimate for Total Automotive - GMNA stands at $37.56 billion, showing a decrease of 7.8% year-over-year [6]. Vehicle Sales Estimates - Worldwide wholesale vehicle sales for GM are projected to reach 949.67 thousand, down from 1.04 million in the same quarter last year [8]. - The estimate for Worldwide - Wholesale Vehicle Sales - Total GMI is 131.05 thousand, compared to 140.00 thousand a year ago [8]. - Analysts predict GMNA's operating segments to generate $2.76 billion, a significant drop from $4.43 billion in the previous year [9]. Stock Performance - GM shares have increased by 10.6% over the past month, outperforming the Zacks S&P 500 composite, which rose by 4.2% [10].
Insights Into General Motors (GM) Q2: Wall Street Projections for Key Metrics