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Benzinga Insights

General Motors: Q1 Earnings Insights

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.

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