- FY Adjusted EPS Forecast: General Motors projects an adjusted EPS of $9.50 to $10.50, up from the previous forecast of $9.00 to $10.00.
- Adjusted Auto Free Cash Flow: Expected between $9.5 billion to $11.5 billion, an increase from the earlier range of $8.5 billion to $10.5 billion.
- Adjusted EBIT: Forecasted to be between $13 billion and $15 billion, higher than the previous $12.5 billion to $14.5 billion forecast.
- Net Income: Estimated to be between $10 billion to $11.4 billion, slightly adjusted from $10.1 billion to $11.5 billion.
- Automotive Net Cash From Operations: Expected to range from $19.2 billion to $22.2 billion.
- Second Quarter Results:
- Adjusted EPS: $3.06, up from $1.91 year-over-year, surpassing the estimate of $2.71.
- Net Sales & Revenue: $47.97 billion, a 7.2% increase year-over-year, beating the $45.62 billion estimate.
- Cruise Net Sales & Revenue: $25 million, a 3.8% decrease year-over-year, slightly above the $24.8 million estimate.
- Automotive Net Sales & Revenue: $44.06 billion, up 6.8% year-over-year, exceeding the $41.7 billion estimate.
- GM Financial Net Sales & Revenue: $3.92 billion, a 12% increase year-over-year, surpassing the $3.75 billion estimate.
- North America Adjusted EBIT: $4.43 billion, a 39% rise year-over-year, beating the $3.82 billion estimate.
- International Operations Adjusted EBIT: $50 million, a 79% decrease year-over-year, below the $135.7 million estimate.
- GM Financial Adjusted EBT: $822 million, a 7.3% increase year-over-year, above the $686.8 million estimate.
- Adjusted Automotive Free Cash Flow: $5.30 billion, a 4.5% decrease year-over-year.
- GMNA Vehicle Sales: 903,000 units, an 8.4% increase year-over-year, surpassing the estimate of 840,008 units.
- GMI Vehicle Sales: 140,000 units, a 4.8% decrease year-over-year, below the estimate of 149,074 units.
- Adjusted EBIT: $4.44 billion, exceeding the estimate of $3.91 billion.
- Total Vehicle Sales: 1.04 million units.
General Motors on Smartkarma
Analysts at Baptista Research on Smartkarma have provided in-depth insights on General Motors Company. In one report titled, “General Motors Company: Resilience in Supply Chain & Commitment to China Yielding Positive Results? – Major Drivers,” they highlighted the company’s solid first-quarter 2024 earnings, showcasing a consistent growth trend driven by a focus on profitability and disciplined capital allocation. General Motors‘ revenue increased by 8% year over year to $43 billion, with a strategic go-to-market approach prioritizing profitability and margins.
In another report, “General Motors: Will The EV Battery and Autonomy Growth Opportunities Help Prevent Market Share Losses? – Major Drivers,” Baptista Research discussed how GM’s latest earnings revealed both positive and negative aspects. Despite challenges, GM sold more vehicles in the U.S. in 2023 than any other company, leading to a gain in market share supported by stable pricing and incentives below the industry average. The analysts delved into the potential impact of EV battery and autonomy growth opportunities on GM’s future market position.
A look at General Motors Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
General Motors Co., a global leader in the automotive industry, is positioned favorably for long-term growth based on its Smartkarma Smart Scores assessment. With a top score of 5 in the Value category, General Motors is considered undervalued relative to its industry peers, indicating strong potential for future appreciation in stock value. Additionally, the company’s high Growth and Momentum scores of 4 signify robust potential for expansion and positive market sentiment. These factors combined showcase General Motors as a promising investment opportunity for those seeking companies with solid growth prospects.
However, it’s notable that General Motors scored lower in Dividend and Resilience categories, with scores of 2, suggesting a slightly weaker performance in dividend payments and resilience to economic downturns. Investors should weigh these factors alongside the company’s strengths when considering their long-term investment strategy. Overall, General Motors‘ strong value proposition, growth potential, and market momentum position it as a compelling choice for investors looking to capitalize on the automotive sector’s opportunities.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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