General Motors Company (GM - Free Report) reported first-quarter 2018 adjusted earnings per share of $1.43, down 18.3% from the prior-year quarter. However, the bottom line comfortably beat the Zacks Consensus Estimate of $1.22. General Motors’ crossover sales in first-quarter 2018 rose 23% on a year-over-year basis.
General Motors reported revenues of $36.1 billion, reflecting a decline of 3.1% from the year-ago quarter. However, revenues surpassed the Zacks Consensus Estimate of $34.1 billion.
During the reported quarter, total sales for the wholesale unit declined to 1.16 million from 1.24 million in the first quarter of 2017. Worldwide retail-unit sales decreased to 2.10 million from 2.34 million in the year-ago quarter. The automaker’s global market share was 11.4% during the reported quarter, reflecting a decline from 11.6% in the year-ago quarter.
Segment Results
GM North America (GMNA) generated net sales and revenues of $27.8 billion during the first quarter of 2018, down from $29.3 billion recorded in first-quarter 2017.
GM International (GMI) net sales and revenues were $4.8 billion, declining from $5.14 billion in the year-ago quarter.
GM Financial generated net sales and revenues of $3.41 billion during the quarter under review, reflecting an increase from $2.7 billion recorded in the year-ago quarter.
Financial Position
General Motors had cash and cash equivalents of $14.3 billion as of Mar 31, 2018, compared with $15.5 billion as of Dec 31, 2017.
First-quarter 2018, adjusted automotive free cash flow during the reported quarter was $3.5 billion versus $583 million recorded in the prior-year quarter.
Zacks Rank
General Motors carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same space include Fox Factory Holding Corp. (FOXF - Free Report) , Allison Transmission Holdings, Inc. (ALSN - Free Report) and Honda Motor Co., Ltd. (HMC - Free Report) , each carrying a Zacks Rank #2 (Buy).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Fox Factory Holding has expected long-term growth rate of 10.5%. In the past year, shares of the company have returned 14.2%.
Allison Transmission has expected long-term growth rate of 10%. In a year, shares of the company have advanced 0.7%.
Honda has an expected long-term growth rate of 4.8%. In a year, shares of the company have returned 19.2%.
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 >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
General Motors Company (GM - Free Report) reported first-quarter 2018 adjusted earnings per share of $1.43, down 18.3% from the prior-year quarter. However, the bottom line comfortably beat the Zacks Consensus Estimate of $1.22. General Motors’ crossover sales in first-quarter 2018 rose 23% on a year-over-year basis.
General Motors reported revenues of $36.1 billion, reflecting a decline of 3.1% from the year-ago quarter. However, revenues surpassed the Zacks Consensus Estimate of $34.1 billion.
During the reported quarter, total sales for the wholesale unit declined to 1.16 million from 1.24 million in the first quarter of 2017. Worldwide retail-unit sales decreased to 2.10 million from 2.34 million in the year-ago quarter. The automaker’s global market share was 11.4% during the reported quarter, reflecting a decline from 11.6% in the year-ago quarter.
Segment Results
GM North America (GMNA) generated net sales and revenues of $27.8 billion during the first quarter of 2018, down from $29.3 billion recorded in first-quarter 2017.
GM International (GMI) net sales and revenues were $4.8 billion, declining from $5.14 billion in the year-ago quarter.
GM Financial generated net sales and revenues of $3.41 billion during the quarter under review, reflecting an increase from $2.7 billion recorded in the year-ago quarter.
Financial Position
General Motors had cash and cash equivalents of $14.3 billion as of Mar 31, 2018, compared with $15.5 billion as of Dec 31, 2017.
First-quarter 2018, adjusted automotive free cash flow during the reported quarter was $3.5 billion versus $583 million recorded in the prior-year quarter.
Zacks Rank
General Motors carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same space include Fox Factory Holding Corp. (FOXF - Free Report) , Allison Transmission Holdings, Inc. (ALSN - Free Report) and Honda Motor Co., Ltd. (HMC - Free Report) , each carrying a Zacks Rank #2 (Buy).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Fox Factory Holding has expected long-term growth rate of 10.5%. In the past year, shares of the company have returned 14.2%.
Allison Transmission has expected long-term growth rate of 10%. In a year, shares of the company have advanced 0.7%.
Honda has an expected long-term growth rate of 4.8%. In a year, shares of the company have returned 19.2%.
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 >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on HMC - FREE
Get the latest research report on GM - FREE
Get the latest research report on ALSN - FREE
Get the latest research report on FOXF - FREE