General Motors will announce its third-quarter earnings before the bell on Tuesday amid an extensive array of issues plaguing the automotive industry.
According to average estimates compiled by LSEG, the following is what Wall Street is looking at based on the average: earnings per share: $2.31 adjusted, and revenue is $45.27 billion.
Their results would be a reduction in revenue by 7.2 percent versus a year prior and adjusted earnings per share by 22 percent.
The 2024 third-quarter performance of GM had an income of $48.76 billion, net earnings before stockholders of $3 billion, and adjusted earnings before interest and taxes of $4.1 billion.
The performance of GM arrives a week following the firm’s pre-reporting a $1.6 billion special-item impact due to its all-electric vehicle pullback.
The expense, comprising a noncash effect of $1.2 billion and $400 million cash cost, will not impact its adjusted figures but will negatively impact the bottom line of the automaker.
Besides EV developments, GM and the wider auto industry are still struggling with shifting regulations, tariffs, inflation, and other upheavals.
Several Wall Street analysts were heard to have concerns relating to “investor concerns” that GM may not meet estimates over the quarter, and a further amount of “downside risk” since the production of trucks changed, trim mix, and other factors like warranty costs.
GM CFO Paul Jacobson noted that the tariff effect will be “slightly higher” in the third quarter as compared to the previous quarter in July.
Eventually, he reported that GM anticipates no less than 30 percent of these new tariff expenses in 2025, which the company anticipates offsetting at least between 4 billion and 5 billion.
The full-year guidance provided by GM that it altered in May because of tariffs comprises adjusted EBIT of between $10 billion and $12.5 billion or $8.25 to $10 adjusted earnings per share; net income attributable to stockholders of $7.7 billion to $9.5 billion; and adjusted automotive free cash flow of between $7.5 billion and $10 billion.
GM shares are on the rise by approximately 9 percent in 2025, as of the end of Monday.
