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GM Projects Stable Earnings through 2025 with Higher EV Profitability
GMGM(GM) GuruFocus·2024-10-09 08:30

General Motors' Chief Financial Officer, Paul Jacobson, announced during an investor day event that the company anticipates its adjusted earnings in 2025 to be similar to the current year's results. GM's adjusted earnings before interest and taxes (EBIT) target for 2024 is set between 13billionand13 billion and 15 billion, translating to 9.50to9.50 to 10.50 per share. This is an increase from the previous estimate of 12.5billionto12.5 billion to 14.5 billion, or 9to9 to 10 per share.Meeting the 2024 target and achieving similar earn ...