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General Motors Company (GM) Outpaces Stock Market Gains: What You Should Know
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General Motors Company (GM - Free Report) closed at $33.06 in the latest trading session, marking a +1.47% move from the prior day. This change outpaced the S&P 500's 0.4% gain on the day. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq added 0.45%.
Coming into today, shares of the company had lost 1.12% in the past month. In that same time, the Auto-Tires-Trucks sector gained 3.9%, while the S&P 500 lost 1.38%.
Investors will be hoping for strength from General Motors Company as it approaches its next earnings release. The company is expected to report EPS of $1.88, down 16.44% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $43.3 billion, up 3.36% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.59 per share and revenue of $171.18 billion. These totals would mark changes of 0% and +9.22%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for General Motors Company. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 has moved 0.12% lower. General Motors Company is currently a Zacks Rank #3 (Hold).
Investors should also note General Motors Company's current valuation metrics, including its Forward P/E ratio of 4.29. This valuation marks a discount compared to its industry's average Forward P/E of 10.
Meanwhile, GM's PEG ratio is currently 0.44. 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 industry currently had an average PEG ratio of 1.25 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 89, putting it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
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General Motors Company (GM) Outpaces Stock Market Gains: What You Should Know
General Motors Company (GM - Free Report) closed at $33.06 in the latest trading session, marking a +1.47% move from the prior day. This change outpaced the S&P 500's 0.4% gain on the day. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq added 0.45%.
Coming into today, shares of the company had lost 1.12% in the past month. In that same time, the Auto-Tires-Trucks sector gained 3.9%, while the S&P 500 lost 1.38%.
Investors will be hoping for strength from General Motors Company as it approaches its next earnings release. The company is expected to report EPS of $1.88, down 16.44% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $43.3 billion, up 3.36% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.59 per share and revenue of $171.18 billion. These totals would mark changes of 0% and +9.22%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for General Motors Company. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 has moved 0.12% lower. General Motors Company is currently a Zacks Rank #3 (Hold).
Investors should also note General Motors Company's current valuation metrics, including its Forward P/E ratio of 4.29. This valuation marks a discount compared to its industry's average Forward P/E of 10.
Meanwhile, GM's PEG ratio is currently 0.44. 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 industry currently had an average PEG ratio of 1.25 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 89, putting it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.