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General Motors Company (GM) Gains But Lags Market: What You Should Know
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In the latest trading session, General Motors Company (GM - Free Report) closed at $35.25, marking a +1.56% move from the previous day. The stock lagged the S&P 500's daily gain of 1.97%. Elsewhere, the Dow gained 1.88%, while the tech-heavy Nasdaq added 0.24%.
Heading into today, shares of the company had lost 11.3% over the past month, lagging the Auto-Tires-Trucks sector's loss of 6.75% and the S&P 500's loss of 9.93% in that time.
General Motors Company will be looking to display strength as it nears its next earnings release. In that report, analysts expect General Motors Company to post earnings of $2.04 per share. This would mark year-over-year growth of 34.21%. Our most recent consensus estimate is calling for quarterly revenue of $42.31 billion, up 58.01% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.79 per share and revenue of $154.24 billion, which would represent changes of -3.96% and +21.45%, respectively, from the prior year.
Any recent changes to analyst estimates for General Motors Company should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. General Motors Company is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, General Motors Company is holding a Forward P/E ratio of 5.11. This represents a discount compared to its industry's average Forward P/E of 10.32.
Meanwhile, GM's PEG ratio is currently 0.52. 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 0.76 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 137, putting it in the bottom 46% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow GM in the coming trading sessions, be sure to utilize Zacks.com.
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General Motors Company (GM) Gains But Lags Market: What You Should Know
In the latest trading session, General Motors Company (GM - Free Report) closed at $35.25, marking a +1.56% move from the previous day. The stock lagged the S&P 500's daily gain of 1.97%. Elsewhere, the Dow gained 1.88%, while the tech-heavy Nasdaq added 0.24%.
Heading into today, shares of the company had lost 11.3% over the past month, lagging the Auto-Tires-Trucks sector's loss of 6.75% and the S&P 500's loss of 9.93% in that time.
General Motors Company will be looking to display strength as it nears its next earnings release. In that report, analysts expect General Motors Company to post earnings of $2.04 per share. This would mark year-over-year growth of 34.21%. Our most recent consensus estimate is calling for quarterly revenue of $42.31 billion, up 58.01% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.79 per share and revenue of $154.24 billion, which would represent changes of -3.96% and +21.45%, respectively, from the prior year.
Any recent changes to analyst estimates for General Motors Company should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. General Motors Company is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, General Motors Company is holding a Forward P/E ratio of 5.11. This represents a discount compared to its industry's average Forward P/E of 10.32.
Meanwhile, GM's PEG ratio is currently 0.52. 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 0.76 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 137, putting it in the bottom 46% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow GM in the coming trading sessions, be sure to utilize Zacks.com.