Yahoo Finance General Motors Earnings: What To Look For From GM
Automotive manufacturer General Motors (NYSE:GM) will be reporting results tomorrow before market hours. Here's what to look for.
General Motors beat analysts' revenue expectations by 2.8% last quarter, reporting revenues of $43.01 billion, up 7.6% year on year. It was a solid quarter for the company, with an impressive beat of analysts' earnings estimates.
Is General Motors a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting General Motors's revenue to be flat year on year at $45.16 billion, slowing from the 25.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.69 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. General Motors has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 3.8% on average.
Looking at General Motors's peers in the industrials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Winnebago's revenues decreased 12.7% year on year, missing analysts' expectations by 1.5%, and Badger Meter reported revenues up 23.2%, topping estimates by 6.5%. Winnebago traded down 4.9% following the results.
Read our full analysis of Winnebago's results here and Badger Meter's results here.
There has been positive sentiment among investors in the industrials segment, with share prices up 4.5% on average over the last month. General Motors's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $57.2 (compared to the current share price of $48.33).
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