General Motors (GM) To Report Q2 Earnings: What's In Store?
Zacks Investment Research | Jul 29, 2019 08:32AM ET
General Motors Company (NYSE:GM) is set to report second-quarter 2019 results on Aug 1, before the opening bell. In the last reported quarter, the company delivered a positive earnings surprise of 29.4%.
It delivered a positive earnings surprise in three of the trailing four quarters while missed estimates once, the average surprise being 22.6%. The long-term expected earnings growth rate for the company (over three to five years) is currently pegged at 8.9%.
In the past three months, shares of General Motors have outperformed the industry it belongs to. Over this time frame, shares of the company have gained 4.7% against the industry’s 1.5% decline.
Let’s see how things are shaping up for this announcement.
Factors to Consider
In second-quarter 2019, General Motors’ sales declined 1.5% on a year-over-year basis. During the quarter, sales of sedan and niche models continued to decline while the sale of crossovers improved. Notably, while the auto giant is not eliminating all traditional vehicles from its lineup, it is discontinuing many models. Moreover, the company is adding new crossovers and SUVs to its portfolio, and updating its best-sellers. All these initiatives are likely to have positively influenced General Motors’ second-quarter results.
During the quarter, the company took some measures to restructure operations and develop future technologies. For the soon-to-be-reported quarter, the Zacks Consensus Estimate for the General Motors North America (“GMNA”) segment’s revenues is pegged at $27.7 billion. In first-quarter 2019, net sales and revenues of General Motors North America were $27.4 billion.
General Motors Company Price and EPS Surprise
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