General Motors Will Report Q2 Earnings on July 21. Here's What to Expect
Complete. Here is the key summaryGeneral Motors will report Q2 earnings on July 21. Despite a 4.2% YoY drop in U.S. sales due to weak EV and Silverado demand, Wall Street expects double-digit earnings growth with adjusted EPS of $3.20. Revenue is forecast to decline to $47.01 billion. Options traders anticipate a 6.06% stock move, higher than the historical average, though GM has beaten estimates for eight consecutive quarters.
Legacy automaker General Motors (GM) will report its fiscal second-quarter results before the market opens on July 21. Wall Street expects double-digit growth in earnings despite a modest decline in sales. Earlier this month, GM reported that its Q2 U.S. sales decreased 4.2% year-over-year, reflecting weaker demand for electric vehicles (EVs) and lower Chevrolet Silverado sales.
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GM sold 714,896 vehicles in the second quarter, down from 746,588 a year earlier. In the first half of the year, the company sold 1.3 million vehicles, a 6.8% decline compared with the same period last year.
The Street forecasts GM to post adjusted earnings per share (EPS) of $3.20, up 26.5% from $2.53 reported in Q2 FY25, while revenue is expected to decline to $47.01 billion.
Options Traders Brace for Impact
According to TipRanks' Options Traders Tool, options traders expect a 6.06% move in either direction for GM stock in reaction to Q2 results. This implied move is higher than the stock's average post-earnings move (in absolute terms) of 4.19% over the past four quarters.
Notably, GM has beaten earnings expectations in each of the past eight quarters, raising hopes for another quarterly beat.