General Motors is set to release its third-quarter earnings report on Tuesday, with Wall Street analysts expecting adjusted earnings per share of $2.43 and revenue of $44.59 billion. This would represent a 1% increase in revenue compared to the same period last year, as well as a 6.6% rise in adjusted earnings per share.
The recent investor day held by GM instilled confidence in its earnings trajectory for the upcoming year. Investors are particularly interested in updates on the funding plans for the Cruise autonomous vehicle unit, restructuring efforts in China, and insights into the company's near-term electric vehicle sales and strategies.
In the third quarter of the previous year, GM reported revenue of $44.13 billion and net income of $3.06 billion, or $2.20 per share.