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General Motors (GM) Stock Moves -0.2%: What You Should Know
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In the latest trading session, General Motors (GM - Free Report) closed at $35.68, marking a -0.2% move from the previous day. This change was narrower than the S&P 500's 1.66% loss on the day. Meanwhile, the Dow lost 1.56%, and the Nasdaq, a tech-heavy index, lost 3.03%.
Coming into today, shares of the automaker had gained 15.03% in the past month. In that same time, the Auto-Tires-Trucks sector gained 1.31%, while the S&P 500 lost 2.43%.
GM will be looking to display strength as it nears its next earnings release, which is expected to be February 5, 2019. On that day, GM is projected to report earnings of $1.21 per share, which would represent a year-over-year decline of 26.67%. Meanwhile, our latest consensus estimate is calling for revenue of $36.72 billion, down 2.65% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.23 per share and revenue of $145.57 billion. These totals would mark changes of -5.89% and -2.64%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for GM. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 4.47% higher within the past month. GM is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that GM has a Forward P/E ratio of 5.74 right now. This represents a discount compared to its industry's average Forward P/E of 10.2.
It is also worth noting that GM currently has a PEG ratio of 0.68. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Domestic industry currently had an average PEG ratio of 1.26 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 10, putting it in the top 4% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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General Motors (GM) Stock Moves -0.2%: What You Should Know
In the latest trading session, General Motors (GM - Free Report) closed at $35.68, marking a -0.2% move from the previous day. This change was narrower than the S&P 500's 1.66% loss on the day. Meanwhile, the Dow lost 1.56%, and the Nasdaq, a tech-heavy index, lost 3.03%.
Coming into today, shares of the automaker had gained 15.03% in the past month. In that same time, the Auto-Tires-Trucks sector gained 1.31%, while the S&P 500 lost 2.43%.
GM will be looking to display strength as it nears its next earnings release, which is expected to be February 5, 2019. On that day, GM is projected to report earnings of $1.21 per share, which would represent a year-over-year decline of 26.67%. Meanwhile, our latest consensus estimate is calling for revenue of $36.72 billion, down 2.65% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.23 per share and revenue of $145.57 billion. These totals would mark changes of -5.89% and -2.64%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for GM. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 4.47% higher within the past month. GM is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that GM has a Forward P/E ratio of 5.74 right now. This represents a discount compared to its industry's average Forward P/E of 10.2.
It is also worth noting that GM currently has a PEG ratio of 0.68. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Domestic industry currently had an average PEG ratio of 1.26 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 10, putting it in the top 4% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.