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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 at $37.82 in the latest trading session, marking a +1.91% move from the prior day. The stock outpaced the S&P 500's daily gain of 1.29%. Elsewhere, the Dow gained 0.8%, while the tech-heavy Nasdaq added 10.96%.
Prior to today's trading, shares of the company had lost 4.28% over the past month. This has was narrower than the Auto-Tires-Trucks sector's loss of 14.95% and lagged the S&P 500's loss of 0.23% in that time.
Investors will be hoping for strength from General Motors Company as it approaches its next earnings release, which is expected to be January 31, 2023. The company is expected to report EPS of $1.64, up 21.48% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $41.54 billion, up 23.7% from the year-ago period.
Investors should also note any recent changes to analyst estimates for General Motors Company. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.97% lower. General Motors Company is currently a Zacks Rank #4 (Sell).
Investors should also note General Motors Company's current valuation metrics, including its Forward P/E ratio of 6.36. This represents a discount compared to its industry's average Forward P/E of 11.8.
We can also see that GM currently has a PEG ratio of 0.65. 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 1.03 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 188, putting it in the bottom 26% 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.
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 at $37.82 in the latest trading session, marking a +1.91% move from the prior day. The stock outpaced the S&P 500's daily gain of 1.29%. Elsewhere, the Dow gained 0.8%, while the tech-heavy Nasdaq added 10.96%.
Prior to today's trading, shares of the company had lost 4.28% over the past month. This has was narrower than the Auto-Tires-Trucks sector's loss of 14.95% and lagged the S&P 500's loss of 0.23% in that time.
Investors will be hoping for strength from General Motors Company as it approaches its next earnings release, which is expected to be January 31, 2023. The company is expected to report EPS of $1.64, up 21.48% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $41.54 billion, up 23.7% from the year-ago period.
Investors should also note any recent changes to analyst estimates for General Motors Company. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.97% lower. General Motors Company is currently a Zacks Rank #4 (Sell).
Investors should also note General Motors Company's current valuation metrics, including its Forward P/E ratio of 6.36. This represents a discount compared to its industry's average Forward P/E of 11.8.
We can also see that GM currently has a PEG ratio of 0.65. 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 1.03 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 188, putting it in the bottom 26% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.