General Motors Earns Zacks Rank #3 as Quarterly EPS Seen Rising 21.8%

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Summary · why it matters

General Motors holds a Zacks Rank #3 (Hold), with consensus estimates pointing to earnings of $3.41 per share for the current quarter, a year-over-year change of +21.8%. The Zacks Consensus Estimate for the quarter remained unchanged over the last 30 days, while the consensus estimate of $13.4 for the current fiscal year, indicating a year-over-year change of +26.4%, has moved +0.2% over the same period. For the next fiscal year, the consensus earnings estimate of $14.76 indicates a change of +10.1% from what General Motors is expected to report a year ago, and that estimate has changed -0.1% over the past month. On the revenue side, the consensus sales estimate for the current quarter of $48.42 billion indicates a year-over-year change of -0.4%, while estimates of $185.67 billion and $189.64 billion for the current and next fiscal years indicate changes of +0.4% and +2.1%, respectively. In the last reported quarter, General Motors posted revenues of $48.03 billion, a year-over-year change of +1.9%, and EPS of $3.57 versus $2.53 a year ago, beating the Zacks Consensus Estimate of $46.56 billion by +3.15% on revenue and surprising by +14.06% on EPS; the company beat consensus EPS estimates in each of the trailing four quarters and topped consensus revenue estimates two times over that period. General Motors is graded A on the Zacks Value Style Score, indicating it is trading at a discount to its peers.

Impact on assets 1

Electrification & Mobility▲
General Motors Company
GM
▲ PositiveCapitalrelevance

GM holds Zacks Rank #3 with consensus EPS of $3.41 for the quarter (+21.8% YoY) and $13.4 for the fiscal year (+26.4%), reflecting positive analyst earnings estimates.