This week we’ll get some more financial results from automakers, as General Motors reports its Q1 earnings Tuesday morning.
Last year, the company reported net income of $2.9 billion on revenue of $36 billion for the first quarter, and analysts are expecting better of the company this year when it comes to revenue.
However, when it comes to earnings results the group is predicting a slight decline this year with the first quarter earnings per share dipping nearly 25% on a year over year basis.
That said, the analysts at Zacks Equity Research suggest that GM may offer a bit of a surprise.
They note GM has topped Zacks estimates each of the last two quarters, by an average of 22.6%. So perhaps CEO Mary Barra and the rest of the gang have another surprise coming. Ford and Stellantis don’t report their first quarter results until May 2 and 3 respectively.
Keeping with the focus on numbers, we’ll also take a closer look at what to expect for new and used vehicle sales in April. New vehicle sales rose last month, and early predictions suggest another uptick is in order.
Finally, we’ll have a slate of new vehicle reviews including the all-electric Mercedes EQS sport-utility vehicle, BMW 330i, Hyundai Santa Fe and more. Naturally, we’ll be on top of news as it breaks.