General Motors: Q1 Earnings Insights - General Motors (NYSE:GM)

General Motors GM reported its Q1 earnings results on Tuesday, April 26, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

General Motors beat estimated earnings by 24.4%, reporting an EPS of $2.09 versus an estimate of $1.68.

Revenue was up $3.50 billion from the same period last year.

Last quarter the company beat on EPS by $0.16 which was followed by a 1.05% drop in the share price the next day.

Here's a look at General Motors's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	1.19	0.96	1.34	1.04
EPS Actual	1.35	1.52	1.97	2.25
Revenue Estimate	34.01B	26.65B	29.11B	32.67B
Revenue Actual	33.58B	26.78B	34.17B	32.47B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

General Motors management provided guidance for FY 2022, expecting earnings between $6.5 and $7.5 per share.

To track all earnings releases for General Motors visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.