GM Raises 2024 Adj. EPS Guidance from $9.00-$10.00 to $9.50-$10.50 vs $9.71 Est.
Portfolio Pulse from Bill Haddad
General Motors (GM) has raised its 2024 adjusted EPS guidance from $9.00-$10.00 to $9.50-$10.50, surpassing the estimated $9.71.
July 23, 2024 | 10:32 am
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General Motors has increased its 2024 adjusted EPS guidance to a range of $9.50-$10.50, which is higher than the previous range of $9.00-$10.00 and above the estimated $9.71. This positive revision indicates strong expected performance.
The upward revision of GM's EPS guidance suggests that the company expects better-than-anticipated financial performance in 2024. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100