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General Motors Company (GM) Advances But Underperforms Market: Key Facts
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General Motors Company (GM - Free Report) closed at $40.82 in the latest trading session, marking a +0.32% move from the prior day. This move lagged the S&P 500's daily gain of 0.63%. Meanwhile, the Dow experienced a rise of 0.2%, and the technology-dominated Nasdaq saw an increase of 0.82%.
The company's shares have seen an increase of 5.14% over the last month, surpassing the Auto-Tires-Trucks sector's loss of 5.42% and the S&P 500's gain of 1.76%.
The upcoming earnings release of General Motors Company will be of great interest to investors. The company is forecasted to report an EPS of $2.02, showcasing an 8.6% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $40.46 billion, up 1.18% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9 per share and revenue of $174.98 billion. These totals would mark changes of +17.19% and +1.83%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for General Motors Company. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 0.01% rise in the Zacks Consensus EPS estimate. General Motors Company currently has a Zacks Rank of #2 (Buy).
In terms of valuation, General Motors Company is currently trading at a Forward P/E ratio of 4.52. This denotes a discount relative to the industry's average Forward P/E of 14.55.
Investors should also note that GM has a PEG ratio of 0.5 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Automotive - Domestic industry was having an average PEG ratio of 1.85.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 81, positioning it in the top 33% 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) Advances But Underperforms Market: Key Facts
General Motors Company (GM - Free Report) closed at $40.82 in the latest trading session, marking a +0.32% move from the prior day. This move lagged the S&P 500's daily gain of 0.63%. Meanwhile, the Dow experienced a rise of 0.2%, and the technology-dominated Nasdaq saw an increase of 0.82%.
The company's shares have seen an increase of 5.14% over the last month, surpassing the Auto-Tires-Trucks sector's loss of 5.42% and the S&P 500's gain of 1.76%.
The upcoming earnings release of General Motors Company will be of great interest to investors. The company is forecasted to report an EPS of $2.02, showcasing an 8.6% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $40.46 billion, up 1.18% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9 per share and revenue of $174.98 billion. These totals would mark changes of +17.19% and +1.83%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for General Motors Company. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 0.01% rise in the Zacks Consensus EPS estimate. General Motors Company currently has a Zacks Rank of #2 (Buy).
In terms of valuation, General Motors Company is currently trading at a Forward P/E ratio of 4.52. This denotes a discount relative to the industry's average Forward P/E of 14.55.
Investors should also note that GM has a PEG ratio of 0.5 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Automotive - Domestic industry was having an average PEG ratio of 1.85.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 81, positioning it in the top 33% 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.