General Motors (NYSE:GM) reported its Q1 earnings results on Tuesday, April 26, 2022 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
General Motors beat estimated earnings by 24.4%, reporting an EPS of $2.09 versus an estimate of $1.68.
Revenue was up $3.50 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.16 which was followed by a 1.05% drop in the share price the next day.
Here’s a look at General Motors’s past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.19 | 0.96 | 1.34 | 1.04 |
| EPS Actual | 1.35 | 1.52 | 1.97 | 2.25 |
| Revenue Estimate | 34.01B | 26.65B | 29.11B | 32.67B |
| Revenue Actual | 33.58B | 26.78B | 34.17B | 32.47B |
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.
