On Wednesday, February 5, General Motors GM will release its latest earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
General Motors EPS will likely be near 1 cent while revenue will be around $31.04 billion, according to analysts.
In the same quarter last year, General Motors announced EPS of $1.43 on revenue of $38.40 billion. If the company were to post earnings inline with the consensus estimate when it reports Wednesday, EPS would be down 99.30%. Sales would have fallen 19.16% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
EPS Estimate | 1.310 | 1.430 | 1.090 | 1.22 |
EPS Actual | 1.720 | 1.640 | 1.410 | 1.43 |
Stock Performance
Over the last 52-week period, shares are down 13.05%. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release. Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with General Motors. The strength of this rating has maintained conviction over the past three months.
Conference Call
General Motors is scheduled to hold a conference call at 8:00 a.m. ET and can be accessed here: https://edge.media-server.com/mmc/p/oreszihm
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.