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 -0.73% change in stock price 10 days leading up to the earnings, and a -1.41% change 10 days following the report. On the earnings day itself, the stock moves by +0.58%. 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
How does GM typically perform around its earnings report dates?
Is General Motors Company (GM) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
GM Earning Call Sentiment
General Motors Company (GM) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
GM.N
1.52%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.
