From CNBC: 2025-04-29 00:01:00

General Motors (GM) will report first-quarter earnings, but focus is on 2025 guidance amid ongoing auto tariffs by President Donald Trump. Wall Street analysts have downgraded GM and other automotive stocks due to uncertainty. GM has not announced changes to manufacturing plans but has adjusted North American production due to tariffs. Analysts expect GM to beat Q1 estimates as consumers rushed to purchase vehicles before potential price increases. Q1 estimates include $2.74 adjusted earnings per share and $43.05 billion in revenue, a slight uptick from last year. GM has raised annual guidance in recent years but managing increased costs due to tariffs is uncertain. GM CEO Mary Barra believed they could mitigate 50% of potential tariffs on imports from Canada and Mexico but has not provided further information since sector tariffs were implemented. GM’s 2025 guidance includes net income of $11.2-$12.5 billion and adjusted EPS of $11-$12, amid downgrades from Deutsche Bank, UBS, Barclays, and Bernstein. GM stock is rated overweight with a price target of $53.91 per share.



Read more at CNBC: General Motors (GM) earnings Q1 2025