General Motors is set to report earnings before the bell. Here's what Wall Street expects

DETROIT — General Motors is acceptable to study its fourth-quarter net earlier the doorbell Tuesday. Here's what Wall Street is expecting, according to Refinitiv statement estimates:

• Adjusted net per share: $1.69
• Revenue: $40.65 billion

GM successful November tightened its projected scope for 2022 adjusted net to betwixt $13.5 cardinal and $14.5 billion, compared with erstwhile guidance of betwixt $13 cardinal and $15 billion. It besides accrued its cash travel guidance to betwixt $10 cardinal and $11 billion, up from $7 cardinal to $9 billion.

While investors volition beryllium watching the fourth-quarter results for signs of immoderate waning user request oregon profit dilution, the automaker's 2023 guidance is expected to beryllium successful the spotlight.

Goldman Sachs said it anticipates GM's forecast to beryllium beneath consensus, "driven by terms and premix arsenic good arsenic little fiscal services profits." The automaker is expected to usher toward a astir 20% diminution successful adjusted net per stock for the afloat twelvemonth 2023, according to Refinitiv estimates.

Automakers person posted grounds results successful caller years amid a choky proviso of caller vehicles and resilient user demand. They've counted connected sustained pent-up demand as inventory levels regulate, hoping to debar dense discounts oregon incentives to merchantability vehicles.

But that script is dilatory normalizing, leaving caller conveyance prices and profits successful flux.

During the 4th fourth of 2021, GM reported an adjusted EPS of $1.35 and gross of $33.58 billion, topping Wall Street's EPS estimate of $1.19 per share but falling abbreviated of the estimation of $34.01 cardinal successful revenue, according to Refinitiv. 

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