General Motors Q4 Earnings & Revenues Surpass Expectations

General Motors GM reported fourth-quarter 2024 adjusted earnings of $1.92 per share, which surpassed the Zacks Consensus Estimate of $1.85. The bottom line also increased from the year-ago quarter’s level of $1.24. Higher-than-expected revenues from GM North America (GMNA), GM International (GMI) and GM Financial segments led to the outperformance. Revenues of $47.71 billion beat the Zacks Consensus Estimate of $44 billion and increased from $42.98 billion recorded in the year-ago period.See the Zacks Earnings Calendar to stay ahead of market-making news.The U.S. auto giant recorded adjusted earnings before interest and taxes (EBIT) of $2.51 billion, higher than $1.76 billion in the prior-year quarter. The automaker’s share in the GM market was 8.5% in the reported quarter, the same as the year-ago quarter.General Motors Company Price, Consensus and EPS Surprise General Motors Company price-consensus-eps-surprise-chart | General Motors Company QuoteSegmental PerformanceGMNA generated net revenues of $39.53 billion, up from $35.23 billion recorded in the corresponding period of 2023. The figure also outpaced our model’s projection of $35.86 billion on higher-than-expected deliveries. Wholesale vehicle sales in the GMNA unit totaled 876,000 units, up from 782,000 units reported in the year-ago quarter. The figure also surpassed our estimate of 787,000 units. The segment’s adjusted EBIT totaled $2.27 billion, up from $2.01 billion recorded in the year-earlier period. The metric, however, missed our estimate of $2.88 billion.GMI's net revenues in the reported quarter amounted to $3.99 billion, up from the year-ago quarter’s $3.94 billion. The metric also exceeded our expectation of $3.52 billion. The segment’s wholesale vehicle sales of 163,000 units increased from 161,000 units in the year-ago quarter and also exceeded our forecast of 145,000 units. GMI reported an operating profit of $221 million, down from $269 million generated in the year-ago period. GM Financial generated net revenues of $4.11 billion in the quarter, which increased from $3.74 billion recorded in the year-ago period and surpassed our prediction of $3.81 billion. The segment recorded an EBIT-adjusted operating profit of $719 million, up from $707 million recorded in the year-ago period. The metric, however, missed our prediction of $737.3 million.GM Cruise recorded net revenues of $181 million in the fourth quarter compared with $25 million recorded in the corresponding quarter of 2023. Our model estimate was $25.3 million. The segment posted an operating loss of $418 million, much narrower than a loss of $792 million reported in the prior-year quarter. The reported loss was wider than our estimate of a loss of $410.6 million.Financial PositionGeneral Motors had cash and cash equivalents of $19.87 billion as of Dec. 31, 2024. The long-term automotive debt at the end of the quarter was $13.29 billion. Net automotive cash provided by operating activities amounted to $4.77 billion during the quarter under review. The company recorded an adjusted automotive free cash flow of $1.82 billion in the fourth quarter of 2024, up from $1.34 billion generated in the year-ago quarter.GM declared its fourth-quarter dividend of 12 cents per share. The dividend will be paid out on Mar. 20 to shareholders of record as of Mar. 7, 2025.2025 GuidanceFor 2025, GM expects adjusted EBIT in the range of $13.7-$15.7 billion compared with $14.9 billion recorded in 2024. Adjusted EPS is anticipated in the range of $11-$12 compared with $10.60 recorded in 2024. Adjusted automotive free cash flow is expected in the band of $11-$13 billion compared with $14 billion recorded in 2024.Zacks Rank & Other Key PicksGeneral Motors carries a Zacks Rank #2 (Buy).Some other top-ranked stocks in the auto space are Geely Automobile Holdings Limited GELYY, Yamaha Motor Co., Ltd. YMHAY and Allison Transmission Holdings, Inc. ALSN, While GELYY sports a Zacks Rank #1 (Strong Buy), YMHAY and ALSN carry a Zacks Rank #2 each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for GELYY’s fiscal 2025 sales and earnings suggests year-over-year growth of 66.62% and 149.31%, respectively. EPS estimates for fiscal 2025 and 2026 have improved by 15 cents and 38 cents, respectively, in the past 30 days. The Zacks Consensus Estimate for YMHAY’s 2025 sales and earnings suggests year-over-year growth of 8.69%and 19.07%, respectively. EPS estimates for 2025 have improved by a penny in the past 60 days.The Zacks Consensus Estimate for ALSN’s 2025 sales and earnings suggests year-over-year growth of 6.67% and 11.40%, respectively. EPS estimates for 2025 have improved 3 cents in the past 30 days.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report General Motors Company (GM): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report Geely Automobile Holdings Ltd. (GELYY): Free Stock Analysis Report Yamaha Motor Co., Ltd. (YMHAY): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks