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General Motors (GM) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
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In its upcoming report, General Motors (GM - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $3.52 per share, reflecting an increase of 25.7% compared to the same period last year. Revenues are forecasted to be $48.24 billion, representing a year-over-year decrease of 0.7%.
The current level reflects a downward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some General Motors metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Total net sales and revenue- Total Automotive- GMI' at $3.71 billion. The estimate suggests a change of +1.9% year over year.
According to the collective judgment of analysts, 'Total net sales and revenue- Total Automotive- GMNA' should come in at $40.27 billion. The estimate points to a change of -0.7% from the year-ago quarter.
Analysts predict that the 'Total net sales and revenue- GM Financial' will reach $4.43 billion. The estimate indicates a year-over-year change of +2.1%.
The consensus among analysts is that 'Total net sales and revenue- Total Automotive- Corporate' will reach $62.68 million. The estimate indicates a year-over-year change of +4.5%.
The consensus estimate for 'Total net sales and revenue- Total Automotive' stands at $43.88 billion. The estimate indicates a year-over-year change of -0.8%.
Analysts forecast 'Worldwide - Wholesale Vehicle Sales - Total GMI' to reach 139.40 thousand. The estimate is in contrast to the year-ago figure of 137.00 thousand.
Analysts' assessment points toward 'Worldwide - Wholesale Vehicle Sales - Total' reaching 981.44 thousand. Compared to the current estimate, the company reported 977.00 thousand in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Worldwide - Wholesale Vehicle Sales - Total GMNA' should arrive at 842.05 thousand. Compared to the present estimate, the company reported 840.00 thousand in the same quarter last year.
It is projected by analysts that the 'Operating segments- GMNA' will reach $3.28 billion. Compared to the current estimate, the company reported $2.51 billion in the same quarter of the previous year.
Analysts expect 'Operating segments- GM Financial' to come in at $775.41 million. The estimate compares to the year-ago value of $804.00 million.
The combined assessment of analysts suggests that 'Operating segments- GMI' will likely reach $143.60 million. The estimate compares to the year-ago value of $226.00 million.
Over the past month, General Motors shares have recorded returns of -1.5% versus the Zacks S&P 500 composite's +1.4% change. Based on its Zacks Rank #3 (Hold), GM will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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General Motors (GM) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
In its upcoming report, General Motors (GM - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $3.52 per share, reflecting an increase of 25.7% compared to the same period last year. Revenues are forecasted to be $48.24 billion, representing a year-over-year decrease of 0.7%.
The current level reflects a downward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some General Motors metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Total net sales and revenue- Total Automotive- GMI' at $3.71 billion. The estimate suggests a change of +1.9% year over year.
According to the collective judgment of analysts, 'Total net sales and revenue- Total Automotive- GMNA' should come in at $40.27 billion. The estimate points to a change of -0.7% from the year-ago quarter.
Analysts predict that the 'Total net sales and revenue- GM Financial' will reach $4.43 billion. The estimate indicates a year-over-year change of +2.1%.
The consensus among analysts is that 'Total net sales and revenue- Total Automotive- Corporate' will reach $62.68 million. The estimate indicates a year-over-year change of +4.5%.
The consensus estimate for 'Total net sales and revenue- Total Automotive' stands at $43.88 billion. The estimate indicates a year-over-year change of -0.8%.
Analysts forecast 'Worldwide - Wholesale Vehicle Sales - Total GMI' to reach 139.40 thousand. The estimate is in contrast to the year-ago figure of 137.00 thousand.
Analysts' assessment points toward 'Worldwide - Wholesale Vehicle Sales - Total' reaching 981.44 thousand. Compared to the current estimate, the company reported 977.00 thousand in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Worldwide - Wholesale Vehicle Sales - Total GMNA' should arrive at 842.05 thousand. Compared to the present estimate, the company reported 840.00 thousand in the same quarter last year.
It is projected by analysts that the 'Operating segments- GMNA' will reach $3.28 billion. Compared to the current estimate, the company reported $2.51 billion in the same quarter of the previous year.
Analysts expect 'Operating segments- GM Financial' to come in at $775.41 million. The estimate compares to the year-ago value of $804.00 million.
The combined assessment of analysts suggests that 'Operating segments- GMI' will likely reach $143.60 million. The estimate compares to the year-ago value of $226.00 million.
View all Key Company Metrics for General Motors here>>>Over the past month, General Motors shares have recorded returns of -1.5% versus the Zacks S&P 500 composite's +1.4% change. Based on its Zacks Rank #3 (Hold), GM will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .