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General Motors Company (GM) Outpaces Stock Market Gains: What You Should Know
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General Motors Company (GM - Free Report) closed the most recent trading day at $57.05, moving +1.6% from the previous trading session. This change outpaced the S&P 500's 0.82% gain on the day.
Heading into today, shares of the company had lost 5.22% over the past month, lagging the Auto-Tires-Trucks sector's loss of 0.71% and the S&P 500's gain of 3.89% in that time.
Wall Street will be looking for positivity from GM as it approaches its next earnings report date. On that day, GM is projected to report earnings of $1.66 per share, which would represent year-over-year growth of 432%. Our most recent consensus estimate is calling for quarterly revenue of $29 billion, up 72.85% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.62 per share and revenue of $137.82 billion, which would represent changes of +35.1% and +12.52%, respectively, from the prior 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 8.08% higher. GM is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, GM is currently trading at a Forward P/E ratio of 8.49. This represents a discount compared to its industry's average Forward P/E of 15.13.
It is also worth noting that GM currently has a PEG ratio of 0.86. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Automotive - Domestic was holding an average PEG ratio of 1.19 at yesterday's closing price.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 29, putting it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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General Motors Company (GM) Outpaces Stock Market Gains: What You Should Know
General Motors Company (GM - Free Report) closed the most recent trading day at $57.05, moving +1.6% from the previous trading session. This change outpaced the S&P 500's 0.82% gain on the day.
Heading into today, shares of the company had lost 5.22% over the past month, lagging the Auto-Tires-Trucks sector's loss of 0.71% and the S&P 500's gain of 3.89% in that time.
Wall Street will be looking for positivity from GM as it approaches its next earnings report date. On that day, GM is projected to report earnings of $1.66 per share, which would represent year-over-year growth of 432%. Our most recent consensus estimate is calling for quarterly revenue of $29 billion, up 72.85% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.62 per share and revenue of $137.82 billion, which would represent changes of +35.1% and +12.52%, respectively, from the prior 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 8.08% higher. GM is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, GM is currently trading at a Forward P/E ratio of 8.49. This represents a discount compared to its industry's average Forward P/E of 15.13.
It is also worth noting that GM currently has a PEG ratio of 0.86. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Automotive - Domestic was holding an average PEG ratio of 1.19 at yesterday's closing price.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 29, putting it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.