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General Motors (GM) Q1 Earnings & Revenues Beat Estimates


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General Motors Company GM reported first-quarter 2018 adjusted earnings per share of $1.43, down 18.3% from the prior-year quarter. However, the bottom line comfortably beat the Zacks Consensus Estimate of $1.22. General Motors' crossover sales in first-quarter 2018 rose 23% on a year-over-year basis.

General Motors reported revenues of $36.1 billion, reflecting a decline of 3.1% from the year-ago quarter. However, revenues surpassed the Zacks Consensus Estimate of $34.1 billion.

During the reported quarter, total sales for the wholesale unit declined to 1.16 million from 1.24 million in the first quarter of 2017. Worldwide retail-unit sales decreased to 2.10 million from 2.34 million in the year-ago quarter. The automaker's global market share was 11.4% during the reported quarter, reflecting a decline from 11.6% in the year-ago quarter.

Segment Results

GM North America (GMNA) generated net sales and revenues of $27.8 billion during the first quarter of 2018, down from $29.3 billion recorded in first-quarter 2017.

GM International (GMI) net sales and revenues were $4.8 billion, declining from $5.14 billion in the year-ago quarter.

GM Financial generated net sales and revenues of $3.41 billion during the quarter under review, reflecting an increase from $2.7 billion recorded in the year-ago quarter.

Financial Position

General Motors had cash and cash equivalents of $14.3 billion as of Mar 31, 2018, compared with $15.5 billion as of Dec 31, 2017.

First-quarter 2018, adjusted automotive free cash flow during the reported quarter was $3.5 billion versus $583 million recorded in the prior-year quarter.

Zacks Rank

General Motors carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the same space include Fox Factory Holding Corp. FOXF , Allison Transmission Holdings, Inc. ALSN and Honda Motor Co., Ltd. HMC , each carrying a Zacks Rank #2 (Buy).

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

Fox Factory Holding has expected long-term growth rate of 10.5%. In the past year, shares of the company have returned 14.2%.

Allison Transmission has expected long-term growth rate of 10%. In a year, shares of the company have advanced 0.7%.

Honda has an expected long-term growth rate of 4.8%. In a year, shares of the company have returned 19.2%.

Price, Consensus and EPS Surprise

Price, Consensus and EPS Surprise | Quote

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Business , Earnings , Stocks
Referenced Symbols: GM , FOXF , HMC , ALSN


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