General Motors (NYSE:GM) on Tuesday reported better-than-expected second-quarter financial results and raised its FY26 adjusted EPS guidance with its midpoint above estimates.
General Motors reported quarterly earnings of $3.57 per share which beat the analyst consensus estimate of $3.20 per share. The company reported quarterly sales of $48.026 billion which beat the analyst consensus estimate of $47.011 billion.
GM raised its 2026 adjusted EPS guidance to $12-$14 from its previous range of $11.50-$13.50. The new outlook compares with the analyst consensus estimate of $12.76. The automaker also increased its adjusted EBIT guidance to $14 billion-$16 billion from $13.5 billion-$15.5 billion.
However, GM lowered its GAAP diluted EPS forecast to $8.98-$10.98 from $10.62-$12.62. Analysts had expected $10.80.
General Motors shares fell 2.5% to trade at $168.72 on Wednesday.
These analysts made changes to their price targets on General Motors following earnings announcement.
- Barclays analyst Dan Levy maintained the stock with an Overweight rating and raised the price target from $105 to $110.
- JP Morgan analyst Rajat Gupta maintained the stock with an Overweight rating and raised the price target from $110 to $120.
- RBC Capital analyst Tom Narayan maintained the stock with an Outperform rating and raised the price target from $94 to $100.
Considering buying GM stock? Here’s what analysts think:
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