BMW 2Q Earnings, Gross sales Ought to Rise However Lengthy-Time period Questions Stay – Earnings Preview

By David Sachs

BMW is scheduled to report second-quarter outcomes on Thursday. This is what you want to know:

Gross sales forecast: Income for the German high-end automaker needs to be round €36.79 billion ($40.41 billion), in line with a survey of 21 analysts by Facttest. Income amounted to 34.77 billion euros within the second quarter of final 12 months.

EBIT forecast: EBIT is predicted to achieve €4.26 billion, in line with Factset, in comparison with €3.43 billion a 12 months earlier.

what do you need to watch:

— Filling within the gaps: On Tuesday, BMW raised its EBIT margin steering, lowered its free money stream targets, and raised some numbers, together with its automotive division’s EBIT margin, that had been beneath consensus. Shares tumbled 6% after the partial earnings announcement, however extra info is to return. “The problem for the administration might be to persuade new buyers why they need to personal BMW at present,” Bernstein analysts stated.

Quantity Technique: BMW’s newly raised quantity steering factors to a considerably stronger second half for gross sales that Stifel analysts describe as formidable. BMW is focusing on between 2.5 million and a pair of.6 million models for the 12 months and offered 1.1 million within the first half, so the roadmap for reaching that focus on needs to be of curiosity to buyers.

2024 and past: BMW’s outlook might be key to convincing buyers to personal the inventory now, Bernstein analysts stated in a be aware. Analysts say upcoming mannequin cycles and powerful backlogs are good indicators, however the firm will face comparability durations which can be changing into more and more tough to beat.

Write to David Sachs at

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