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General Motors (GM) earnings Q1 2022


One of the signs for General Motors is visible at an event in Lansing on January 25, 2022. General Motors plans to create and retain 4,000 jobs, as well as significantly increase the manufacturing of electric trucks and battery cells.

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DETROIT – General MotorsAfter the bell Tuesday, is expected to release its first quarter earnings.

This is what Wall Street expects:

  • Adjusted EPS:1.68 according to the consensus Refinitiv estimates
  • Revenue:Refinitiv’s consensus estimate: $37.01Billion

GM was among the first automakers to release its quarter-end results. As a measure of the ongoing supply-chain and production issues in the auto industry, investors are closely watching this report.

GM forecasted a pretax profit in the range of $13 to $14 million. $13 billion and $15 billion for 2022, but Evercore ISI analysts suggested the company could suffer “a small potential cut” to its top-end guidance due to higher costs and parts issues.

In addition to inflation and other macroeconomic factors, the global automotive industry has been battling supply chain problems caused by the coronavirus pandemic for more than a year — specifically, supplies of crucial semiconductor chips that are used throughout vehicles.

Supply chain problems in the sector have been further complicated by ongoing conflicts in Ukraine and recent shutdowns of factories in China as a result of Covid-19 epidemics.

Investors will be interested to see any news or updates regarding GM’s plans and investments in autonomous and electric vehicle technology, such as a projected $35 billion investment through 2025. GM typically doesn’t break these costs out on a quarterly basis. However, Ford Motor promises to do so in the next year.

GM shares are currently down 34% in 2022. The market capitalization of GM is now $55 billion. This compares to more than $90 billion in the first year.

This is important breaking news. Keep checking back for more updates.