GM's Q3 Earnings: What to Expect

General Motors (GM) is about to reveal its financial performance for the third quarter of 2024. Investors and financial analysts are eagerly awaiting the results. By the estimates of LSEG, the expectation is that GM will report earnings per share of $2. 43, adjusted. This figure represents a notable 6. 6% increase compared to the same period last year. Additionally, the revenue projected is $44. 59 billion, which is a slight 1% increase from the previous year's $44. 13 billion. In the third quarter of 2023, GM had reported a net income of $3. 06 billion, translating to $2. 20 per share. Adjusted earnings before interest and taxes were $3. 56 billion, or $2. 28 per share.The upcoming earnings report comes just two weeks after GM's investor day, where the company highlighted its expected continued financial strength into the next year. However, some key topics that investors are keen to learn more about include GM's plans to fund its Cruise autonomous vehicle unit, which has faced challenges. They are also interested in updates on the company's restructuring efforts in China and its near-term plans and sales projections for electric vehicles. This report is significant because it offers a glimpse into how GM is handling its transition to electric vehicles and its autonomous driving initiatives. It will also provide insights into how well GM is managing its operations in different markets, particularly China, where it has been undergoing significant changes. Stay tuned for more updates as this story develops.