Earnings Preview: General Motors
Portfolio Pulse from Benzinga Insights
General Motors (NYSE:GM) is set to release its quarterly earnings report on Tuesday, 2023-07-25. Analysts estimate an earnings per share (EPS) of $1.85. The company's past performance shows a pattern of beating EPS estimates. However, the share price dropped by 2.1% the day after the last earnings beat. GM shares were trading at $38.55 as of July 21, with a 52-week increase of 16.98%.

July 24, 2023 | 2:01 pm
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General Motors is expected to report an EPS of $1.85 in its upcoming earnings report. Despite consistently beating EPS estimates, the stock price has shown a tendency to drop post-announcement.
While General Motors has a history of beating EPS estimates, this has not consistently translated into a rise in stock price. In fact, the share price dropped by 2.1% the day after the last earnings beat. This suggests that investors may be more focused on other factors, such as the company's guidance. Therefore, while the upcoming earnings report is highly relevant, its impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100