Earnings To Watch: General Motors (GM) Reports Q2 Results Tomorrow

Automotive manufacturer General Motors (NYSE:GM) will be reporting results this Tuesday before market open. Here’s what you need to know.

General Motors beat analysts’ revenue expectations last quarter, reporting revenues of $43.62 billion, flat year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and full-year EPS guidance beating analysts’ expectations.

Is General Motors a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting General Motors’s revenue to be flat year on year, in line with the 1.8% decrease it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. General Motors rarely misses Wall Street’s revenue estimates.

Looking at General Motors’s peers in the industrials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Autoliv delivered year-on-year revenue growth of 3.3%, beating analysts’ expectations by 1.6%, and Winnebago reported a revenue decline of 9.9%, falling short of estimates by 7.9%.

Read our full analysis of Autoliv’s results here and Winnebago’s results here.

In the last twelve months or so, the market has shifted its attention from one area of macro importance to the next (AI disintermediation and AI capex spending to geopolitical conflict, rates, and whether the economy is on solid footing or not). While some of the industrials stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.9% on average over the last month. General Motors is down 5.3% during the same time and is heading into earnings with an average analyst price target of $95.85 (compared to the current share price of $76.18).

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