This week is all about numbers — earnings and sales.
General Motors and Ford are reporting their fourth quarter and full-year earnings this week. GM will go first, revealing their results Tuesday morning. Ford follows a couple of days later, reporting Thursday afternoon.
Analysts believe GM will report revenue growth more than 21% year over year, coming in at $154.4 billion. They expect earnings per share will be on the rise as well, but not quite as much as revenue, moving up to $7.19 a share — just a 2.6% jump.
Ford is expected to see a better than 16% leap in revenue to $146.6 billion with its earnings also heading upward to $1.99 a share, which is a 25.2% increase compared with 2021.
Reporting sales
In addition, it’s the start of the month so we’ll get the first round of January auto sales results from companies like Toyota, Honda, Hyundai, Kia and more on Wednesday, February 1st with Ford and a few others trickling in the next day.
Automakers are expecting an uptick in sales of about 2.7% over last January’s results. However, they’ll be off significantly — about 19.8% — from December’s totals.
The winners in January, according the analysts at Cox Automotive, will be sellers of full-size pickups and midsize sedans. They are expected to be up 12.1 percent and 1.1 percent, respectively.
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Those numbers bode well for Ford, GM and Stellantis on the truck side and on the car side, executives at Toyota, Honda and Hyundai and Kia may have something to look forward to.
Naturally we’ll also have a slew of new product reviews, features and breaking news as well.
