In this article GM F STLA Follow your favorite stocks CREATE FREE ACCOUNT General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT — Wall Street expects General Motors to be the standout among the traditional Detroit automakers when they report second-quarter results this week, with sales and vehicle prices stable during the first half of the year for America's largest carmaker.
GM is forecast to report a solid adjusted profit of $2.75 per share, up 44.2% from a year earlier, and $45.
46 billion in revenue, up 1.6% over the prior-year period, according to average analyst estimates compiled by financial markets data and analytics company LSEG. That compares to LSEG estimates for Ford Motor that call for adjusted earnings per share of 68 cents for the second quarter, down 5.
2% from the second quarter of 2023. Ford's automotive revenue is expected to increase 3.8% compared to a year earlier to $44.
02 billion, according to LSEG. GM reports earnings before markets open Tuesday. Ford is scheduled to report Wednesday afternoon after markets close, followed by Chrysler parent Stellantis , which reports earnings biannually, releasing its first-half results Thursday morning.
Several Wall Street analysts expect GM to guide toward the higher end of the automaker's already raised guidance for 2024, if not raise it again as part of its second-quarter results. There's less of a consensus regarding outlooks for Stellantis and Ford. Stock Cha.