General Motors (GM) Earnings Q4 2022

Mary Barra, CEO, GM at NYSE, Nov. 17, 2022.

Source: NYSE

Detroit- General Motors is set to report its fourth-quarter earnings before Tuesday’s bell. Here’s what Wall Street is expecting, according to Refinitiv consensus estimates:

  • Adjusted Earnings Per Share: $1.69
  • Revenue: $40.65 billion

GM in November Tightened its forecast range for 2022 adjusted earnings to between $13.5 billion and $14.5 billion, compared to previous guidance of $13 billion and $15 billion. also increased Cash flow guidance of $10 billion to $11 billion, up from $7 billion to $9 billion.

While investors will be watching Q4 results for any signs of slowing consumer demand profit dilutionThe automaker’s 2023 guidance is expected to be in the spotlight.

Goldman Sachs said it expects GM’s estimates to be below consensus, “driven by lower financial services profits along with pricing and mix.” According to Refinitiv estimates, the automaker is expected to guide adjusted earnings per share to decline by about 20% for full-year 2023.

Auto makers have posted record results in recent years amid a tight supply of new vehicles and resilient consumer demand. they have relied on the constant pent-up demand As inventory levels regulate, expect to avoid heavy discounts or incentives to sell vehicles.

But that scenario is slowly returning to normal, leaving new vehicles Prices and profits in flow.

During the fourth quarter of 2021, GM is expected to report adjusted EPS of $1.35 and revenue of $33.58 billion, beating Wall Street’s EPS estimate of $1.19 per share but below estimates of $34.01 billion in revenue, according to Refinitiv Was.

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