General Motors' Earnings: What Wall Street Expects

General Motors (GM) is set to report its third-quarter earnings before the bell, and investors are eagerly awaiting the results. The automotive giant has been making significant strides in its transition to electric vehicles (EVs) and has seen strong financial performance in recent quarters. Here's a closer look at what Wall Street expects from GM's earnings report.


Revenue and Earnings per Share (EPS)
Analysts expect GM to report third-quarter revenue of $44.59 billion, up from $44.13 billion in last year's third quarter. The company has beaten analyst estimates for revenue in nine straight quarters, indicating a strong track record of exceeding expectations. Additionally, analysts expect the company to report third-quarter earnings per share of $2.43, up from last year's $2.28. GM has beaten analyst estimates for earnings per share in eight straight quarters and nine of the last 10 quarters overall.


Electric Vehicle (EV) Sales and Market Share
GM's shift towards EVs has been a significant driver of its financial performance. In the third quarter, the company reported record electric vehicle sales, with 32,095 units sold. This represents a 60% year-over-year increase and a 46% quarter-over-quarter increase. GM ranked second in the U.S. for electric vehicle sales in the third quarter, trailing only Tesla. The company's strong EV sales have been driven by popular models such as the Equinox EV and Silverado EV.


Key Items to Watch
Investors will be closely watching GM's earnings call for updates on its EV portfolio, including upcoming models like the 2025 Cadillac Escalade IQ and 2025 Cadillac Optiq. The company may also provide more details on its progress in China and its goal of returning to profit in the region. Additionally, analysts will be looking for any updates on GM's Cruise autonomous vehicle division and its plans for the future.


Conclusion
General Motors has seen strong financial performance in recent quarters, driven by its shift towards electric vehicles and a history of beating analyst estimates. As the company reports its third-quarter earnings, investors will be closely watching its financial performance, EV sales, and key updates on its future plans. With a strong track record and a focus on innovation, GM is well-positioned to continue its growth trajectory in the coming quarters.