Will General Motors Stock Pop After Earnings?
General Motors (NYSE: GM) will report its first-quarter 2021 earnings before the market opens tomorrow, May 5. What should auto investors expect?
Wall Street analysts polled by Thomson Reuters expect GM to report adjusted earnings per share of $1.04 on revenue of $32.67 billion, on average. ("Adjusted" earnings exclude one-time items.) That would be an improvement over GM's result in the first quarter of 2020, when it surprised investors by posting adjusted earnings per share of $0.62 while most rivals posted losses amid the initial COVID-19 outbreak.
GM's revenue in that year-ago quarter was $32.7 billion, roughly in line with Wall Street's estimate for the first quarter of 2021.
Source Fool.com
