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General Motors (GM) Gains But Lags Market: What You Should Know
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General Motors (GM - Free Report) closed the most recent trading day at $36.95, moving +0.71% from the previous trading session. This move lagged the S&P 500's daily gain of 2.3%. Meanwhile, the Dow gained 2.5%, and the Nasdaq, a tech-heavy index, added 2.95%.
Heading into today, shares of the automaker had gained 9.39% over the past month, outpacing the Auto-Tires-Trucks sector's gain of 4.22% and the S&P 500's gain of 1.21% in that time.
Wall Street will be looking for positivity from GM as it approaches its next earnings report date. This is expected to be February 5, 2019. The company is expected to report EPS of $1.20, down 27.27% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $36.72 billion, down 2.65% from the year-ago period.
GM's full-year Zacks Consensus Estimates are calling for earnings of $6.26 per share and revenue of $145.57 billion. These results would represent year-over-year changes of -5.44% and -2.64%, respectively.
It is also important to note the recent changes to analyst estimates for GM. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.82% higher. GM is currently a Zacks Rank #2 (Buy).
In terms of valuation, GM is currently trading at a Forward P/E ratio of 5.86. This valuation marks a discount compared to its industry's average Forward P/E of 10.1.
Meanwhile, GM's PEG ratio is currently 0.69. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Automotive - Domestic stocks are, on average, holding a PEG ratio of 1.29 based on yesterday's closing prices.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 16, putting it in the top 6% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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General Motors (GM) Gains But Lags Market: What You Should Know
General Motors (GM - Free Report) closed the most recent trading day at $36.95, moving +0.71% from the previous trading session. This move lagged the S&P 500's daily gain of 2.3%. Meanwhile, the Dow gained 2.5%, and the Nasdaq, a tech-heavy index, added 2.95%.
Heading into today, shares of the automaker had gained 9.39% over the past month, outpacing the Auto-Tires-Trucks sector's gain of 4.22% and the S&P 500's gain of 1.21% in that time.
Wall Street will be looking for positivity from GM as it approaches its next earnings report date. This is expected to be February 5, 2019. The company is expected to report EPS of $1.20, down 27.27% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $36.72 billion, down 2.65% from the year-ago period.
GM's full-year Zacks Consensus Estimates are calling for earnings of $6.26 per share and revenue of $145.57 billion. These results would represent year-over-year changes of -5.44% and -2.64%, respectively.
It is also important to note the recent changes to analyst estimates for GM. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.82% higher. GM is currently a Zacks Rank #2 (Buy).
In terms of valuation, GM is currently trading at a Forward P/E ratio of 5.86. This valuation marks a discount compared to its industry's average Forward P/E of 10.1.
Meanwhile, GM's PEG ratio is currently 0.69. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Automotive - Domestic stocks are, on average, holding a PEG ratio of 1.29 based on yesterday's closing prices.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 16, putting it in the top 6% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.