GM CEO and chairman Mary Barra speaks throughout an “EV Day” on March 4, 2020 on the company’s tech and design campus in Warren, Mich., a suburb of Detroit
General Motors is ready to report its fourth-quarter earnings earlier than the bell on Wednesday. Here’s what Wall Street is anticipating, primarily based on common analysts’ estimates compiled by Refinitiv.
- Adjusted EPS: $1.64
- Revenue: $36.12 billion
That can be in-line with unofficial steerage from the company. In November, John Stapleton, then-GM’s interim CFO, instructed Wall Street analysts that GM anticipated its pretax adjusted earnings can be round $8.5 billion and $9 billion for the second half of the year.
The automaker reported pretax adjusted earnings of $5.3 billion, or $2.83 earnings per share, for the third quarter, whereas saying the fourth quarter can be weaker as a consequence of seasonality.
GM reported an adjusted pretax revenue of $105 million within the fourth quarter of 2019 as a consequence of a 40-day labor strike impacting automobile manufacturing. Revenue was $30.8 billion throughout that quarter.
Wall Street can also be seeking to CEO Mary Barra and different executives for perception into quite a few different points – from 2021 steerage and potential dividend reinstatement to updates on the company’s all-electric and autonomous automobile plans.
Wall Street analysts additionally will wish to know the way a world semiconductor chip scarcity is predicted to impression the automaker in 2021. GM’s crosstown rival, Ford Motor, final week mentioned the scarcity may decrease its earnings by $1 billion to $2.5 billion this year.
Barclays analyst Brian Johnson in a word to buyers Monday mentioned the agency expects GM to offer “a cautious 2021 outlook” as a result of semiconductor chip scarcity.
GM’s shares are up by greater than 30% to date this year, led by optimism concerning its all-electric automobile plans and new applied sciences.
This story is creating. Please examine again for updates.