We issued an updated research report on General Motors Company (GM - Free Report) on May 13.
In first-quarter 2019, the sale of 2019 Chevrolet Silverado and GMC Sierra light-duty crew cabs grew 20% year over year. This was in sync with the automaker’s strategy to launch high-content, high-margin trucks. These all-new crew cab models generated better transaction prices. 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.
General Motors reported adjusted earnings of $1.41 per share in first-quarter 2019, down 13.3% from the prior-year quarter. However, the bottom line surpassed the Zacks Consensus Estimate of $1.09. The company reported revenues of $34.9 billion, down 3.4% from the year-ago quarter. Further, revenues missed the Zacks Consensus Estimate of $35.8 billion.
Over the past seven days, the Zacks Consensus Estimate for current-quarter earnings has remained unchanged at $1.47.
In the past six months, shares of General Motors have outperformed the industry it belongs to. Over this time frame, the stock has gained 2.9% against the industry’s decline of 4.7%.
General Motors currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. (ALSN - Free Report) , Fox Factory Holding Corp. (FOXF - Free Report) and PACCAR Inc. (PCAR - Free Report) , each currently carrying a Zacks Rank #2 (Buy). 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 year, shares of the company have gained 2.8%.
Fox Factory has an expected long-term growth rate of 16.4%. Over the past three months, shares of the company have gained 16.3%.
PACCAR has an expected long-term growth rate of 6.4%. Share price of the company has increased 11.7% in the past six months.
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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.
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We issued an updated research report on General Motors Company (GM - Free Report) on May 13.
In first-quarter 2019, the sale of 2019 Chevrolet Silverado and GMC Sierra light-duty crew cabs grew 20% year over year. This was in sync with the automaker’s strategy to launch high-content, high-margin trucks. These all-new crew cab models generated better transaction prices. 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.
General Motors reported adjusted earnings of $1.41 per share in first-quarter 2019, down 13.3% from the prior-year quarter. However, the bottom line surpassed the Zacks Consensus Estimate of $1.09. The company reported revenues of $34.9 billion, down 3.4% from the year-ago quarter. Further, revenues missed the Zacks Consensus Estimate of $35.8 billion.
Over the past seven days, the Zacks Consensus Estimate for current-quarter earnings has remained unchanged at $1.47.
In the past six months, shares of General Motors have outperformed the industry it belongs to. Over this time frame, the stock has gained 2.9% against the industry’s decline of 4.7%.
General Motors currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. (ALSN - Free Report) , Fox Factory Holding Corp. (FOXF - Free Report) and PACCAR Inc. (PCAR - Free Report) , each currently carrying a Zacks Rank #2 (Buy). 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 year, shares of the company have gained 2.8%.
Fox Factory has an expected long-term growth rate of 16.4%. Over the past three months, shares of the company have gained 16.3%.
PACCAR has an expected long-term growth rate of 6.4%. Share price of the company has increased 11.7% in the past six months.
Today’s Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>
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 >>
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