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General Motors Company (GM) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, General Motors Company (GM - Free Report) closed at $52.64, marking a -1.2% move from the previous day. This move lagged the S&P 500's daily gain of 0.28%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq gained 0.19%.
Heading into today, shares of the company had lost 6.38% over the past month, lagging the Auto-Tires-Trucks sector's loss of 1.22% and the S&P 500's loss of 5.39% in that time.
Investors will be hoping for strength from General Motors Company as it approaches its next earnings release, which is expected to be February 1, 2022. The company is expected to report EPS of $1.04, down 46.11% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $29.35 billion, down 21.78% from the year-ago period.
Investors should also note any recent changes to analyst estimates for General Motors Company. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 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. The Zacks Consensus EPS estimate has moved 2.78% higher within the past month. General Motors Company is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, General Motors Company is holding a Forward P/E ratio of 7.77. Its industry sports an average Forward P/E of 12.14, so we one might conclude that General Motors Company is trading at a discount comparatively.
We can also see that GM currently has a PEG ratio of 0.79. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Automotive - Domestic industry currently had an average PEG ratio of 0.9 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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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General Motors Company (GM) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, General Motors Company (GM - Free Report) closed at $52.64, marking a -1.2% move from the previous day. This move lagged the S&P 500's daily gain of 0.28%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq gained 0.19%.
Heading into today, shares of the company had lost 6.38% over the past month, lagging the Auto-Tires-Trucks sector's loss of 1.22% and the S&P 500's loss of 5.39% in that time.
Investors will be hoping for strength from General Motors Company as it approaches its next earnings release, which is expected to be February 1, 2022. The company is expected to report EPS of $1.04, down 46.11% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $29.35 billion, down 21.78% from the year-ago period.
Investors should also note any recent changes to analyst estimates for General Motors Company. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 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. The Zacks Consensus EPS estimate has moved 2.78% higher within the past month. General Motors Company is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, General Motors Company is holding a Forward P/E ratio of 7.77. Its industry sports an average Forward P/E of 12.14, so we one might conclude that General Motors Company is trading at a discount comparatively.
We can also see that GM currently has a PEG ratio of 0.79. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Automotive - Domestic industry currently had an average PEG ratio of 0.9 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.