General Motors (GM - Free Report) closed the most recent trading day at $37.99, moving -0.13% from the previous trading session. This change was narrower than the S&P 500's 0.21% loss on the day. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 0.18%.
Prior to today's trading, shares of the automaker had lost 1.58% over the past month. This has lagged the Auto-Tires-Trucks sector's loss of 0.35% and the S&P 500's gain of 1.81% in that time.
GM will be looking to display strength as it nears its next earnings release. In that report, analysts expect GM to post earnings of $1.14 per share. This would mark a year-over-year decline of 20.28%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $35.43 billion, down 1.87% from the year-ago period.
GM's full-year Zacks Consensus Estimates are calling for earnings of $6.48 per share and revenue of $146.94 billion. These results would represent year-over-year changes of -0.87% and -0.07%, respectively.
Investors might also notice recent changes to analyst estimates for GM. 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. 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 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 3.73% higher. GM currently has a Zacks Rank of #2 (Buy).
In terms of valuation, GM is currently trading at a Forward P/E ratio of 5.87. This represents a discount compared to its industry's average Forward P/E of 10.45.
It is also worth noting that GM currently has a PEG ratio of 0.69. 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. The Automotive - Domestic was holding an average PEG ratio of 1.14 at yesterday's closing price.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 43, which puts it in the top 17% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.