Mark your calendars for Tuesday 22nd October 2024, as General Motors (NYSE: GM) will be revealing its third quarter financial results. This highly awaited announcement is scheduled to take place before market open, pave the way to review a period of expectation and anticipation.
It appears that the organization is on the verge of revealing their estimated $2.43 profit per share for the quarter, as well as their total revenue of $44.58 billion for this specific period, according to financial experts on Wall Street.
Wall Street analysts have unveiled their forecasts for the company's yearly performance, estimating a total revenue of $178.74 billion. Additionally, they expect the company to reach profit of $10 per share for the fiscal year.
In the same quarter of the previous year, the company's financial statement revealed a per-share income of $2.28. Additionally, the company's overall revenue for that particular period was an impressive $44.13 billion.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $3.06 | +60.2% | 47.97 B | +7.2% |
| Q1 2024 | $2.62 | +18.6% | 43.01 B | +7.6% |
| Q4 2023 | $1.24 | -41.5% | 42.98 B | -0.3% |
| Q3 2023 | $2.28 | +1.3% | 44.13 B | +5.4% |
| Q2 2023 | $1.91 | +67.5% | 44.75 B | +25.1% |
| *Growth on year-over-year basis | ||||
The previous trading day saw General Motors (GM) shares trading between $49.10 and $49.75, besides a volume of 9.50 million shares. The stock closed Friday's regular trading session at $49.18, showing 0.41 percent decrease.
