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General Motors (GM) Rides on Strong Pricing of New Pickups
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We issued an updated research report on General Motors Company (GM - Free Report) on Feb 11.
This auto giant’s North America segment witnessed robust performance recently. This was driven by rich vehicle mix and strong pricing for its all-new full-size pickup trucks — the Chevrolet Silverado and GMC Sierra. Moreover, in order to capitalize on the rising demand for crossovers and trucks, the company revamped its lineup. It is launching all-new full-size pickups that will be followed by full-size SUVs.
This automaker attempts to excel in products and technology offerings, expand the Chevrolet and Cadillac brands globally, expand its presence in China, and improve results of the GM Financial segment.
In fourth-quarter 2018, General Motors reported adjusted earnings of $1.43 per share, down 13.3% from the prior-year quarter. However, the bottom line surpassed the Zacks Consensus Estimate of $1.21. The company reported revenues of $38.4 billion, up 1.8% from the year-ago quarter. Further, revenues surpassed the Zacks Consensus Estimate of $37 billion.
Over the past 30 days, the Zacks Consensus Estimate for current-year earnings has increased 8.2% to $6.34.
In the past three months, shares of General Motors have outperformed the industry it belongs to. Over this time frame, the stock has gained 7.5% against the industry’s decline of 3%.
General Motors currently carries a Zacks Rank #2 (Buy).
Allison Transmission has an expected long-term growth rate of 10%. Over the past three months, shares of the company have risen 1.2%.
Oshkosh has an expected long-term growth rate of 11.3%. Over the past three months, shares of the company have surged 18.5%.
American Axle & Manufacturing has an expected long-term growth rate of 8.1%. Over the past three months, shares of the company have risen 21%.
Zacks’ Best Stock-Picking Strategy
It's hard to believe, even for us at Zacks. But from 2000-2018, while the market gained +4.8% per year, our top stock-picking strategy averaged +54.3% per year.
How has that screen done lately? From 2017-2018, it sextupled the market's +15.8% gain with a soaring +98.3% return.
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General Motors (GM) Rides on Strong Pricing of New Pickups
We issued an updated research report on General Motors Company (GM - Free Report) on Feb 11.
This auto giant’s North America segment witnessed robust performance recently. This was driven by rich vehicle mix and strong pricing for its all-new full-size pickup trucks — the Chevrolet Silverado and GMC Sierra. Moreover, in order to capitalize on the rising demand for crossovers and trucks, the company revamped its lineup. It is launching all-new full-size pickups that will be followed by full-size SUVs.
This automaker attempts to excel in products and technology offerings, expand the Chevrolet and Cadillac brands globally, expand its presence in China, and improve results of the GM Financial segment.
In fourth-quarter 2018, General Motors reported adjusted earnings of $1.43 per share, down 13.3% from the prior-year quarter. However, the bottom line surpassed the Zacks Consensus Estimate of $1.21. The company reported revenues of $38.4 billion, up 1.8% from the year-ago quarter. Further, revenues surpassed the Zacks Consensus Estimate of $37 billion.
Over the past 30 days, the Zacks Consensus Estimate for current-year earnings has increased 8.2% to $6.34.
In the past three months, shares of General Motors have outperformed the industry it belongs to. Over this time frame, the stock has gained 7.5% against the industry’s decline of 3%.
General Motors currently carries a Zacks Rank #2 (Buy).
A few other top-ranked stocks in the auto space are Allison Transmission Holdings, Inc. (ALSN - Free Report) , Oshkosh Corp. (OSK - Free Report) and American Axle & Manufacturing Holdings, Inc. (AXL - Free Report) , each currently carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Allison Transmission has an expected long-term growth rate of 10%. Over the past three months, shares of the company have risen 1.2%.
Oshkosh has an expected long-term growth rate of 11.3%. Over the past three months, shares of the company have surged 18.5%.
American Axle & Manufacturing has an expected long-term growth rate of 8.1%. Over the past three months, shares of the company have risen 21%.
Zacks’ Best Stock-Picking Strategy
It's hard to believe, even for us at Zacks. But from 2000-2018, while the market gained +4.8% per year, our top stock-picking strategy averaged +54.3% per year.
How has that screen done lately? From 2017-2018, it sextupled the market's +15.8% gain with a soaring +98.3% return.
Free – See the Stocks It Turned Up for Today >>