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GM CEO and Chairman Mary Barra speaks at an “EV Day” March 4, 2020 at the company’s technology and design campus in Warren, Mich., On the outskirts of Detroit
GM
General Motors is expected to release its fourth quarter results before the bell Wednesday. Here’s what Wall Street expects, based on average analyst estimates compiled by Refinitiv.
- Adjusted EPS: $ 1.64
- Revenue: $ 36.12 billion
This would comply with unofficial company guidelines. In November, John Stapleton, then acting chief financial officer of GM, told Wall Street analysts that GM expected its adjusted pre-tax profit to be around $ 8.5 billion and $ 9 billion for the second half of the year.
The automaker reported adjusted pretax profit of $ 5.3 billion, or $ 2.83 per share, for the third quarter, while saying the fourth quarter would be weaker due to seasonality.
GM reported adjusted earnings before tax of $ 105 million in the fourth quarter of 2019 due to a 40-day labor strike that impacted vehicle production. Revenue was $ 30.8 billion in this quarter.
Wall Street is also asking CEO Mary Barra and other executives to familiarize themselves with a number of other issues – from 2021 directions and the potential reinstatement of dividends to updates on all-electric and autonomous vehicle plans. the society.
Wall Street analysts will also want to know how a global semiconductor chip shortage is expected to impact the automaker in 2021. GM rival Ford Motor said last week that the shortage could squeeze its profits from $ 1 billion to $ 2.5 billion this year.
Barclays analyst Brian Johnson, in a note to investors, said on Monday that the company expects GM to provide “a cautious outlook for 2021” due to the shortage of semiconductor chips.
GM shares have risen more than 30% so far this year, fueled by optimism about its all-electric vehicle plans and new technologies.
This story is developing. Please come back for updates.
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