GM CEO and President Mary Barra speaks during an “EV Day” on March 4, 2020, at the company’s technology and design campus in Warren, Michigan, a suburb of Detroit
GM
General Motors will report its fourth-quarter earnings before the bell on Wednesday. Here’s what Wall Street expects, based on estimates by average analysts compiled by Refinitiv.
- Adjusted EPS: $ 1.64
- Revenue: $ 36.12 billion
This would be in line with the company’s unofficial guidelines. In November, John Stapleton, then GM’s interim chief financial officer, told Wall Street analysts that GM expected its pre-tax adjusted revenue to be about $ 8.5 billion and $ 9 billion for the second half of the year.
The automaker reported pre-tax adjusted earnings of $ 5.3 billion or $ 2.83 per share for the third quarter, while saying the fourth quarter would be weaker due to seasonality.
GM reported a pretax-adjusted profit of $ 105 million in the fourth quarter of 2019 due to a 40-day labor strike that affected vehicle production. Revenue was $ 30.8 billion this quarter.
Wall Street is also looking at CEO Mary Barra and other executives for information on a number of other issues – from the 2021 guidance and potential dividend reintegration to updates to the company’s electric and autonomous vehicle plans.
Wall Street analysts will also want to know how a global shortage of semiconductor chips is expected to impact the automaker in 2021. Ford’s GM rival Ford Motor said last week that the shortfall could -reduces its $ 1 billion earnings to $ 2.5 billion this year.
Barclays analyst Brian Johnson said in a note to investors on Monday that the company expects GM to offer “a cautious outlook in 2021” due to a lack of semiconductor chips.
GM shares have risen by more than 30% this year, driven by optimism over fully electric vehicle plans and new technologies.
This story is developing. Please check again for updates.