General Motors Q3 Earnings Preview: Analyst Warns Of 'Rising Earnings Headwinds'
Portfolio Pulse from Chris Katje
General Motors (GM) is set to report its Q3 earnings, with analysts expecting revenue of $44.59 billion and EPS of $2.43. Despite beating estimates in previous quarters, concerns arise over inventory build-up and delayed EV push. Analysts have mixed ratings, with some downgrading due to potential earnings headwinds.
October 21, 2024 | 5:57 pm
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General Motors is expected to report Q3 earnings with revenue of $44.59 billion and EPS of $2.43. Despite a history of beating estimates, concerns about inventory build-up and delayed EV targets may pose challenges. Analysts have mixed ratings, with some downgrading due to potential earnings headwinds.
GM has a strong track record of beating earnings estimates, which could positively influence short-term stock performance. However, concerns about inventory build-up and delayed EV targets could offset this, leading to a neutral short-term impact. Mixed analyst ratings reflect these uncertainties.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100