GM is expected to report a relatively positive fourth-quarter profit after the markets close Tuesday, capping off an unprecedented year of supply chain issues.
Wall Street analysts expect the Detroit automaker to report $1.19 adjusted earnings per share and revenue of $34 billion, according to Refinitiv estimates.
Wall Street analysts estimate the Detroit automaker will report $1.19 per share in adjusted earnings and $34 billion in revenue, according to Refinitiv estimates. That revenue would be lower by 9.3% compared with a year earlier, largely due to constrained production caused byGM's fourth-quarter adjusted EPS is expected to be its lowest of the year, and down from $1.93 from the fourth quarter of 2020.
Here's more on those issues and other things investors should know about ahead of GM's fourth-quarter results after the markets close Tuesday.e company's 2022 guidance. Due to the semiconductor chip shortage, inflation, and other outside factors, analysts expect this year to be a bumpy, yet promising, one for the automotive industry.Power Lunch
GM CFO Paul Jacobson told investors at a Credit Suisse conference in December that the company expectsWall Street analysts expect GM and other automakers to be conservative in their earnings guidance this year, continuing a trend from 2021.
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