General Motors Company (GM) closed the most recent trading day at $43.66, moving -0.43% from the previous trading session. This change lagged the S&P 500's daily gain of 1.24%. Elsewhere, the Dow gained 1.23%, while the tech-heavy Nasdaq added 0.15%.
Coming into today, shares of the company had lost 13.05% in the past month. In that same time, the Auto-Tires-Trucks sector lost 11.24%, while the S&P 500 lost 2.45%.
Investors will be hoping for strength from General Motors Company as it approaches its next earnings release. In that report, analysts expect General Motors Company to post earnings of $1.67 per share. This would mark a year-over-year decline of 25.78%. Meanwhile, our latest consensus estimate is calling for revenue of $38.98 billion, up 20.05% from the prior-year quarter.
GM's full-year Zacks Consensus Estimates are calling for earnings of $6.84 per share and revenue of $154.84 billion. These results would represent year-over-year changes of -3.25% and +21.92%, respectively.
Investors should also note any recent changes to analyst estimates for General Motors Company. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 has moved 1.26% lower. General Motors Company is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that General Motors Company has a Forward P/E ratio of 6.41 right now. For comparison, its industry has an average Forward P/E of 11.87, which means General Motors Company is trading at a discount to the group.
Meanwhile, GM's PEG ratio is currently 0.65. 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. The Automotive - Domestic was holding an average PEG ratio of 0.85 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 110, which puts it in the top 44% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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General Motors Company (GM): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
