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General Motors' (GM) Q1 Earnings Beat Estimate, Down Y/Y
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General Motors Company (GM - Free Report) reported first-quarter 2018 adjusted earnings per share of $1.43, down 18.3% from that of prior-year quarter. However, the bottom line comfortably beat the Zacks Consensus Estimate of $1.22.
Revenues
General Motors reported revenues of $36.1 billion, down 3.1% from the year ago quarter figure. However, revenues surpassed the Zacks Consensus Estimate of $34.1 billion.
Estimate Trend & Surprise History
Investors should note that the Zacks Consensus Estimate for first-quarter earnings for General Motors has decreased over the past month.
General Motors has delivered positive earnings surprises in the past few quarters. It surpassed the Zacks Consensus Estimate in each of the trailing four quarters with an average beat of around 18.4%.
We have highlighted some of the key stats from this just-revealed announcement below:
During the quarter, General Motors delivered 715,794 vehicles in the United States, up 4% ahead of an estimated industry rise of about 2%. Total crossover sales in the U.S. rose 23% on a year over year basis.
Zacks Rank
Currently, General Motors has a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released.
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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General Motors' (GM) Q1 Earnings Beat Estimate, Down Y/Y
General Motors Company (GM - Free Report) reported first-quarter 2018 adjusted earnings per share of $1.43, down 18.3% from that of prior-year quarter. However, the bottom line comfortably beat the Zacks Consensus Estimate of $1.22.
Revenues
General Motors reported revenues of $36.1 billion, down 3.1% from the year ago quarter figure. However, revenues surpassed the Zacks Consensus Estimate of $34.1 billion.
Estimate Trend & Surprise History
Investors should note that the Zacks Consensus Estimate for first-quarter earnings for General Motors has decreased over the past month.
General Motors has delivered positive earnings surprises in the past few quarters. It surpassed the Zacks Consensus Estimate in each of the trailing four quarters with an average beat of around 18.4%.
We have highlighted some of the key stats from this just-revealed announcement below:
General Motors Company Price and EPS Surprise
General Motors Company Price and EPS Surprise | General Motors Company Quote
Key Stats/Developments to Note
During the quarter, General Motors delivered 715,794 vehicles in the United States, up 4% ahead of an estimated industry rise of about 2%. Total crossover sales in the U.S. rose 23% on a year over year basis.
Zacks Rank
Currently, General Motors has a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>