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GM slated to report earnings before the bell

GM slated to report earnings before the bell

General Motors is scheduled to report third-quarter earnings before the market opens Tuesday.

Here's what Wall Street expects, according to Refinitiv consensus estimates:

  • Adjusted earnings: $1.31 per share
  • Automotive revenue: $33.818 billion

Analysts will be interested in learning additional details about how a 40-day strike by the United Auto Workers impacted the company's third and fourth quarters and whether or not it was enough for GM to change its outlook for the year.

Wall Street analysts estimated the national work stoppage – the longest since 1970 against GM – cost the automaker more than $2 billion in lost production.

The strike ended on Friday with ratification of a new contract for GM's 48,000 union workers. The deal included pay raises, lump-sum bonuses and $11,000 ratification bonuses for most workers, among other benefits.

In August, prior to the strike, GM reconfirmed its full-year guidance for earnings per share of $6.50 to $7.00 per share. The company touts it has beat Wall Street estimates for 17-consecutive quarters.

Shares of GM have almost fully recovered from double-digit declines during the strike. The stock closed Monday at $36.64, down about 6% since before the strike started on Sept. 16.

This is breaking news. Please check back for updates.