General Motors Company GM reported second-quarter 2018 adjusted earnings per share of $1.81, down 4.2% from that of prior-year quarter. Also the bottom line missed the Zacks Consensus Estimate of $1.84. Commodity pricing and foreign currency devaluations negatively affected results.
Revenues
General Motors reported revenues of $36.8 billion, down 0.6% from the year ago quarter figure. Also, revenues came in lower than the Zacks Consensus Estimate of $37 billion.
Estimate Trend & Surprise History
Investors should note that the Zacks Consensus Estimate for second-quarter earnings for General Motors has decreased over the past seven days.
General Motors has delivered positive earnings surprises in the past few quarters. It surpassed the Zacks Consensus Estimate in each of the trailing four quarters with an average beat of around 18.4%.
We have highlighted some of the key stats from this just-revealed announcement below:
Key Stats/Developments to Note
During the quarter, General Motors delivered 758,000 vehicles in the United States, up 4.6% ahead of an estimated industry rise of about 2.2%. Chevrolet and GMC pickup sales rose 21% and the brands’ large SUVs rose 22% in comparison to prior-year quarter sales.
Zacks Rank
Currently, General Motors has a Zacks Rank #2 (Buy), but that could change following its earnings report which has just released.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Image: Bigstock
General Motors' (GM) Q2 Earnings Miss Estimate, Down Y/Y
General Motors Company GM reported second-quarter 2018 adjusted earnings per share of $1.81, down 4.2% from that of prior-year quarter. Also the bottom line missed the Zacks Consensus Estimate of $1.84. Commodity pricing and foreign currency devaluations negatively affected results.
Revenues
General Motors reported revenues of $36.8 billion, down 0.6% from the year ago quarter figure. Also, revenues came in lower than the Zacks Consensus Estimate of $37 billion.
General Motors Company Price and EPS Surprise
General Motors Company Price and EPS Surprise | General Motors Company Quote
Estimate Trend & Surprise History
Investors should note that the Zacks Consensus Estimate for second-quarter earnings for General Motors has decreased over the past seven days.
General Motors has delivered positive earnings surprises in the past few quarters. It surpassed the Zacks Consensus Estimate in each of the trailing four quarters with an average beat of around 18.4%.
We have highlighted some of the key stats from this just-revealed announcement below:
Key Stats/Developments to Note
During the quarter, General Motors delivered 758,000 vehicles in the United States, up 4.6% ahead of an estimated industry rise of about 2.2%. Chevrolet and GMC pickup sales rose 21% and the brands’ large SUVs rose 22% in comparison to prior-year quarter sales.
Zacks Rank
Currently, General Motors has a Zacks Rank #2 (Buy), but that could change following its earnings report which has just released.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>