General Motors (GM - Free Report) closed the most recent trading day at $37.83, moving +0.19% from the previous trading session. This move outpaced the S&P 500's daily of 0%. Meanwhile, the Dow lost 0.3%, and the Nasdaq, a tech-heavy index, added 0.25%.
Prior to today's trading, shares of the automaker had lost 3.8% over the past month. This has lagged the Auto-Tires-Trucks sector's loss of 1.75% and the S&P 500's gain of 2.36% in that time.
GM will be looking to display strength as it nears its next earnings release, which is expected to be April 30, 2019. In that report, analysts expect GM to post earnings of $1.07 per share. This would mark a year-over-year decline of 25.17%. Meanwhile, our latest consensus estimate is calling for revenue of $35.95 billion, down 0.41% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.48 per share and revenue of $148.02 billion, which would represent changes of -0.92% and +0.66%, respectively, from the prior year.
Any recent changes to analyst estimates for GM should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. GM is currently sporting a Zacks Rank of #2 (Buy).
Looking at its valuation, GM is holding a Forward P/E ratio of 5.82. For comparison, its industry has an average Forward P/E of 10.59, which means GM is trading at a discount to the group.
Investors should also note that GM has a PEG ratio of 0.65 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Automotive - Domestic stocks are, on average, holding a PEG ratio of 1.3 based on yesterday's closing prices.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 74, which puts it in the top 30% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.