GM Q3 earnings preview: What to watch

Published On Oct 21, 2024, 1:08 PM

General Motors (GM) is expected to report its Q3 earnings, with a revenue estimate of $44.69 billion, which is lower than last quarter but higher than the same period last year. Investors will be focused on GM's inventory management and electric vehicle (EV) performance, as EV sales jumped 60% despite a slight overall vehicle sales decrease. Analysts predict GM will meet or exceed expectations, buoyed by stable pricing and effective inventory control. Concerns over potential pricing and inventory issues remain, although GM's recent initiatives aim to enhance EV profitability in the future.

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Stock Forecasts

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Positive

Despite potential headwinds in the form of pricing pressures and inventory challenges, GM's strong Q3 performance and upbeat forecasts surrounding its EV segment suggest a positive outlook for the stock. The company's disciplined inventory management and successful Q2 earnings further bolster investor confidence. As such, GM is well-positioned to potentially surpass expectations and continue its growth trajectory.

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