Here’s What to Expect From General Motors’ Next Earnings Report

Detroit, Michigan-based General Motors Company (GM) designs, builds, and sells trucks, crossovers, cars, and automobile parts, and provides software-enabled services and subscriptions worldwide. Valued at $53.57 billion by market cap, the company is known for iconic brands like Chevrolet, Cadillac, and GMC. The auto giant is expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Tuesday, July 23. 

Ahead of the event, analysts expect GM to report a profit of $2.67 per share on a diluted basis, up 39.8% from $1.91 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. In the previous quarter, GM raised its full-year guidance.