General Motors: Analysts Expect Q2 Revenues Of $30.9 Billion
General Motors (NYSE: GM) will be reporting its second quarter financial results before the market opens on August 4. Analysts have a consensus $72.68 12-month price target on the company, via a total of 22 analysts, with 8 analysts having strong buy ratings, 12 analysts having buy ratings and 2 have hold ratings. The street high comes in at a $90 price target, and the lowest target sits at $27 from Nomura.
10 analysts have revenue estimates for the second quarter. The mean revenue estimate between all 10 analysts is $30.89 billion; this number has been revised upwards from $32.99 billion at the start of the year. The highest revenue estimate is $34.38 billion, while the lowest is $25.14 billion.
The analyst consensus for net income for the second quarter is $2.88 billion, which is up from the start of the year at $2.6 billion. The highest net income estimate is $3.79 billion, while the lowest is $813 million.
Onto EBITDA estimates, there are currently only 6 analysts who have second quarter EBITDA estimates. The mean is currently $4.23 billion, with this number having been revised upwards from $4 billion at the start of the year. The street high estimate currently sits at $5.35 billion in EBITDA and the lowest is $1.09 billion.
Analysts estimate that quarterly earnings per share will come in at $2.23, with this number being revised slightly higher from $1.73 at the start of the year. The street high is $2.54 and the lowest estimate is $2 per share for the quarter.
Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
