General Motors (GM) is set to release its first-quarter earnings report on Tuesday, with analysts expecting solid results propelled by higher-than-anticipated vehicle pricing. According to LSEG, Wall Street consensus estimates are for adjusted earnings per share of $2.15 and revenue of $41.92 billion, indicating a 4.7% revenue increase and a 3% decline in adjusted EPS compared to the same period last year.
Aside from the financial results, investors will also look for updates on GM’s electric vehicle plans, Cruise autonomous car unit, and stock buyback program. The company’s 2024 guidance, released in January, included an adjusted automotive free cash flow range of $8 billion to $10 billion, which was generally better than GM’s results last year and in line with or higher than many analysts’ expectations.
CNBC’s Michael Bloom contributed to this report. Please note that this is developing news, and we will provide further updates as they become available.
