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General Motors (GM) earnings Q4 2020

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

GM

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.

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