GM Earnings Prediction
The chart below shows how GM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GM sees a -2.18% change in stock price 10 days leading up to the earnings, and a -0.06% change 10 days following the report. On the earnings day itself, the stock moves by +1.97%. This data can give you a slight idea of what to expect for the next quarter's release.
GM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
48.76B
10.48%
1.64%
Gross Margin
12.71%
8.82%
-8.03%
Operating Margin
7.39%
12.31%
-18.16%
Net Margin
6.17%
-9.00%
3.01%
EPS
2.68
21.82%
5.51%
No Data Available
GM Earnings Analysis
General Motors Company Corporation (GM.N) Earnings Conference Call
Positive
Revenue Increase Driven by Demand: Revenue increased by 10% to $49 billion, driven by strong product portfolio and customer demand.
EBIT Performance and Efficiency: The company achieved $4.1 billion in adjusted EBIT, with an 8.4% EBIT-adjusted margin, reflecting effective cost management and operational efficiency.
Automotive Free Cash Flow Increase: Adjusted automotive free cash flow reached $5.8 billion during the third quarter, up $900 million compared to last year, indicating improved working capital management and production volume.
EBIT and EPS Guidance: The company expects full-year EBIT to be in the range of $14 billion to $15 billion, and diluted adjusted EPS to be in the range of $10 to $10.50, both at the upper end of previous guidance.
Share Count Reduction: The company ended the quarter with a diluted share count of 1.12 billion, down 19% compared to the end of the third quarter last year, reflecting ongoing share repurchase initiatives.
Negative
EBIT Decline in China: GMs international third quarter EBIT-adjusted was $50 million, down $300 million year-over-year, driven by continued challenges in the China market.
Credit Quality Concerns: The net charge-offs increased slightly to 1.2%, indicating potential credit quality concerns.
Quarterly Performance Outlook: The anticipated results for the fourth quarter should not be seen as a reflection of the company's full-year earnings potential, suggesting a possible decline in performance.
Inventory Levels Analysis: The inventory levels sent the quarter at 68 days for ICE vehicles, indicating potential supply chain issues.
Challenging Operating Environment: The operating environment in China continues to be challenging, which may impact future performance.
GM FAQs
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GM Earning Call Sentiment
General Motors Company (GM) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
GM.N
1.87%Positive
The earnings call summary shows strong financial performance with a 10% revenue increase, improved EBIT, and a significant share repurchase plan. Raised 2024 guidance and strategic EV growth plans further support a positive outlook. Although there are challenges in China and high Cruise expenses, management's focus on efficiency and profitability, along with positive analyst sentiment in the Q&A, suggests a positive stock reaction. The substantial share repurchase and raised guidance are likely to outweigh concerns, leading to a likely stock price increase in the 2% to 8% range.