Normal Motors is ready to report its fourth-quarter outcomes after the bell on Tuesday. Here is what Wall Avenue is anticipating, primarily based on common analysts’ estimates compiled by Refinitiv.
- Adjusted EPS: $1.19
- Income: $34.01 billion
The adjusted earnings per share can be GM’s smallest of the 12 months. It additionally can be down from $1.93 from the fourth quarter of 2020, when elements suppliers began warning of a possible scarcity of semiconductor chips that led to important disruptions in automobile manufacturing final 12 months.
GM reported an adjusted pretax revenue of $3.7 billion within the fourth quarter of 2020. Income was $37.5 billion throughout that quarter.
Whereas traders will monitor GM’s quarterly outcomes, their focus can be extra on the automaker’s steerage for this 12 months. Analyst expectations are for GM and different automakers to launch conservative earnings estimates for 2022 as a result of chip scarcity and different exterior elements, similar to inflation.
“In our view, the one greatest threat to our quantity forecasts is that the broader financial surroundings and well being/confidence of the patron stays very a lot unclear,” BofA Securities analyst John Murphy mentioned in a latest investor notice.
After rising 40% in 2021, GM’s shares fell 10% in January. The inventory closed Monday at $52.73 a share, up by 5%.
GM’s inventory has a purchase score and a worth goal of $76.07 a share, in response to common analysts’ estimates compiled by FactSet.
— CNBC’s Michael Bloom contributed to this report.