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General Motors (GM) Registers a Bigger Fall Than the Market: Important Facts to Note
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General Motors (GM - Free Report) closed at $85.14 in the latest trading session, marking a -2.32% move from the prior day. This change lagged the S&P 500's daily loss of 0.45%. Elsewhere, the Dow lost 0.63%, while the tech-heavy Nasdaq lost 0.78%.
Shares of the an automotive manufacturer witnessed a gain of 3.31% over the previous month, beating the performance of the Auto-Tires-Trucks sector with its gain of 1.61%, and the S&P 500's loss of 1.99%.
Market participants will be closely following the financial results of General Motors in its upcoming release. It is anticipated that the company will report an EPS of $3.37, marking a 20.36% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $48.22 billion, indicating a 0.77% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $13.32 per share and a revenue of $185.67 billion, indicating changes of +25.66% and +0.35%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for General Motors. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.24% higher. General Motors is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, General Motors is holding a Forward P/E ratio of 6.55. This represents a discount compared to its industry average Forward P/E of 17.52.
Investors should also note that GM has a PEG ratio of 0.49 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Automotive - Domestic industry was having an average PEG ratio of 1.05.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 46, this industry ranks in the top 19% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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General Motors (GM) Registers a Bigger Fall Than the Market: Important Facts to Note
General Motors (GM - Free Report) closed at $85.14 in the latest trading session, marking a -2.32% move from the prior day. This change lagged the S&P 500's daily loss of 0.45%. Elsewhere, the Dow lost 0.63%, while the tech-heavy Nasdaq lost 0.78%.
Shares of the an automotive manufacturer witnessed a gain of 3.31% over the previous month, beating the performance of the Auto-Tires-Trucks sector with its gain of 1.61%, and the S&P 500's loss of 1.99%.
Market participants will be closely following the financial results of General Motors in its upcoming release. It is anticipated that the company will report an EPS of $3.37, marking a 20.36% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $48.22 billion, indicating a 0.77% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $13.32 per share and a revenue of $185.67 billion, indicating changes of +25.66% and +0.35%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for General Motors. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.24% higher. General Motors is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, General Motors is holding a Forward P/E ratio of 6.55. This represents a discount compared to its industry average Forward P/E of 17.52.
Investors should also note that GM has a PEG ratio of 0.49 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Automotive - Domestic industry was having an average PEG ratio of 1.05.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 46, this industry ranks in the top 19% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.