We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
General Motors (GM) to Report Q2 Earnings: What's in Store?
Read MoreHide Full Article
General Motors Company (GM - Free Report) is set to report second-quarter 2018 results on Jul 25, before the opening bell. In the last reported quarter, the company delivered a positive earnings surprise of 17.2%.
In fact, in each of the trailing four quarters, the company delivered a positive earnings surprise, with the average being 18.4%. Also, long-term expected earnings growth for the company (over three to five years) is currently pegged at 8.9%.
In the past year, shares of General Motors have outperformed the industry it belongs to. Over this time frame, shares of the company have risen 8%, whereas the industry edged down 0.3%.
Let’s see how things are shaping up for this announcement.
General Motors announced that its U.S. sales rose 4.6% in second-quarter 2018 to 758,376 on robust sales of trucks and the all-new lineup of crossover SUVs. Notably, the company no longer reports U.S. sales results on a monthly basis.
Second-quarter 2018 sales of Chevrolet and GMC outpaced the industry on a year-over-year basis, growing 6% and 7%, respectively. Customers are confidently buying because the economy is strong and is anticipated to remain strong. The company is in a strong position, with several new crossovers, the only three-truck pickup strategy in the industry and a clear leadership position in large SUVs. All these are likely to have a positive impact on the soon-to-be-released quarter.
For the soon-to-be-reported quarter, the Zacks Consensus Estimate for revenues of General Motors North America (GMNA) is $28.9 billion. In first-quarter 2018, net sales and revenues of General Motors North America were $27.8 billion. Notably, in 2017, around 76.5% of the total revenues of the company were derived from the GMNA segment.
Earnings Whispers
Our proven model does not conclusively show an earnings beat for General Motors this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here, as you will see below.
Earnings ESP: General Motors’ Earnings ESP is -3.46% as the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at $1.82 and $1.88, respectively.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: General Motors presently carries a Zacks Rank #2.
We caution against Sell-rated stocks (Zacks Rank #4 or 5) going into the earnings announcement, especially when the company is witnessing negative estimate revisions.
Stocks to Consider
Here are some stocks worth considering from the same space, with the right combination of elements to outpace earnings estimates this time around:
LKQ Corporation (LKQ - Free Report) has an Earnings ESP of +2.43% and a Zacks Rank #1. The company will report second-quarter 2018 financial figures on Jul 26.
Visteon Corporation (VC - Free Report) has an Earnings ESP of +2.86% and a Zacks Rank #2. The company’s second-quarter 2018 financial results are scheduled to be released on Jul 26.
Fox Factory Holding Corp. (FOXF - Free Report) has an Earnings ESP of +0.35% and a Zacks Rank #2. The company’s second-quarter 2018 financial results are scheduled to be released on Aug 1.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
General Motors (GM) to Report Q2 Earnings: What's in Store?
General Motors Company (GM - Free Report) is set to report second-quarter 2018 results on Jul 25, before the opening bell. In the last reported quarter, the company delivered a positive earnings surprise of 17.2%.
In fact, in each of the trailing four quarters, the company delivered a positive earnings surprise, with the average being 18.4%. Also, long-term expected earnings growth for the company (over three to five years) is currently pegged at 8.9%.
In the past year, shares of General Motors have outperformed the industry it belongs to. Over this time frame, shares of the company have risen 8%, whereas the industry edged down 0.3%.
Let’s see how things are shaping up for this announcement.
General Motors Company Price and EPS Surprise
General Motors Company Price and EPS Surprise | General Motors Company Quote
Factors Influencing This Quarter
General Motors announced that its U.S. sales rose 4.6% in second-quarter 2018 to 758,376 on robust sales of trucks and the all-new lineup of crossover SUVs. Notably, the company no longer reports U.S. sales results on a monthly basis.
Second-quarter 2018 sales of Chevrolet and GMC outpaced the industry on a year-over-year basis, growing 6% and 7%, respectively. Customers are confidently buying because the economy is strong and is anticipated to remain strong. The company is in a strong position, with several new crossovers, the only three-truck pickup strategy in the industry and a clear leadership position in large SUVs. All these are likely to have a positive impact on the soon-to-be-released quarter.
For the soon-to-be-reported quarter, the Zacks Consensus Estimate for revenues of General Motors North America (GMNA) is $28.9 billion. In first-quarter 2018, net sales and revenues of General Motors North America were $27.8 billion. Notably, in 2017, around 76.5% of the total revenues of the company were derived from the GMNA segment.
Earnings Whispers
Our proven model does not conclusively show an earnings beat for General Motors this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here, as you will see below.
Earnings ESP: General Motors’ Earnings ESP is -3.46% as the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at $1.82 and $1.88, respectively.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: General Motors presently carries a Zacks Rank #2.
We caution against Sell-rated stocks (Zacks Rank #4 or 5) going into the earnings announcement, especially when the company is witnessing negative estimate revisions.
Stocks to Consider
Here are some stocks worth considering from the same space, with the right combination of elements to outpace earnings estimates this time around:
LKQ Corporation (LKQ - Free Report) has an Earnings ESP of +2.43% and a Zacks Rank #1. The company will report second-quarter 2018 financial figures on Jul 26.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Visteon Corporation (VC - Free Report) has an Earnings ESP of +2.86% and a Zacks Rank #2. The company’s second-quarter 2018 financial results are scheduled to be released on Jul 26.
Fox Factory Holding Corp. (FOXF - Free Report) has an Earnings ESP of +0.35% and a Zacks Rank #2. The company’s second-quarter 2018 financial results are scheduled to be released on Aug 1.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>