Earnings Report Preview | Can General Motors Achieve Annual Goals? Market Expects Q2 Earnings per Share to Increase by 45.6% YoY
General Motors previously announced its performance guidance for the 2023 fiscal year, expecting earnings per share to be between $6.35 and $7.35 for the full year.
According to the information obtained from the Zhongtong Finance APP, General Motors (GM.US) will announce its second-quarter performance for 2023 before the opening of the US stock market on July 25th (Tuesday). The market expects that General Motors' Q2 revenue will be $42.36 billion, an increase of 18% compared to the same period last year. The expected earnings per share is $1.66, a YoY increase of 45.6%, compared to $1.14 in the same period last year.
General Motors previously announced its performance guidance for the 2023 fiscal year, with an expected earnings per share between $6.35 and $7.35 for the full year.
In the first quarter, General Motors achieved a net profit margin of 5.84% and a return on equity of 15.74%. These figures clearly demonstrate the company's strong financial performance and its ability to generate substantial profits in today's competitive market.
Looking ahead, analysts expect General Motors to have earnings per share of $7 for the current fiscal year and the next fiscal year. These forecasts further strengthen investors' confidence in General Motors as a stable and profitable investment opportunity.