Yahoo Finance General Motors (GM) Stock Moves -0.03%: What You Should Know
General Motors (GM) closed at $35.69 in the latest trading session, marking a -0.03% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.97%. At the same time, the Dow lost 2.32%, and the tech-heavy Nasdaq lost 2.78%.
Prior to today's trading, shares of the automaker had gained 10.49% over the past month. This has outpaced the Auto-Tires-Trucks sector's loss of 0.52% and the S&P 500's loss of 3.33% in that time.
Investors will be hoping for strength from GM as it approaches its next earnings release, which is expected to be February 5, 2019. In that report, analysts expect GM to post earnings of $1.21 per share. This would mark a year-over-year decline of 26.67%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $36.72 billion, down 2.65% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.17 per share and revenue of $146.36 billion. These totals would mark changes of -6.8% and -2.11%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for GM. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.48% higher. GM currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that GM has a Forward P/E ratio of 5.79 right now. This valuation marks a discount compared to its industry's average Forward P/E of 10.04.
We can also see that GM currently has a PEG ratio of 0.68. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Automotive - Domestic was holding an average PEG ratio of 1.32 at yesterday's closing price.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 8, putting it in the top 3% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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