General Motors (NYSE:GM) reported its Q2 earnings results on Tuesday, July 26, 2022 at 06:00 AM.
Here’s what investors need to know about the announcement.
Earnings
General Motors missed estimated earnings by 12.31%, reporting an EPS of $1.14 versus an estimate of $1.3.
Revenue was up $1.59 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.41 which was followed by a 1.63% increase in the share price the next day.
Here’s a look at General Motors’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.68 | 1.19 | 0.96 | 1.34 |
| EPS Actual | 2.09 | 1.35 | 1.52 | 1.97 |
| Revenue Estimate | 37.33B | 34.01B | 26.65B | 29.11B |
| Revenue Actual | 35.98B | 33.58B | 26.78B | 34.17B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
General Motors management provided guidance for FY 2022, expecting earnings between $6.5 and $7.5 per share.
To track all earnings releases for General Motors visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
