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GM

General Motors' (GM) Q4 Earnings Beat Estimate, Down Y/Y

General Motors CompanyGM reported fourth-quarter 2018 adjusted earnings per share of $1.43, down 13.3% from that of prior-year quarter. However, the bottom line beat the Zacks Consensus Estimate of $1.21.

Revenues

General Motors reported revenues of $38.4 billion, up 1.8% from the year ago quarter figure. Also, revenues came in higher than the Zacks Consensus Estimate of $37 billion.

Estimate Trend & Surprise History

Investors should note that the Zacks Consensus Estimate for fourth-quarter earnings for General Motors has moved up over the past seven days.

General Motors has delivered positive earnings surprise in the last quarter. It surpassed the Zacks Consensus Estimate in three of the trailing four quarters, while missing on one occasion, with an average beat of around 21.8%.

We have highlighted some of the key stats from this just-revealed announcement below:

General Motors Company Price and EPS Surprise

General Motors Company Price and EPS Surprise | General Motors Company Quote

Key Stats/Developments to Note

During the quarter, General Motors witnessed robust performance GM North America, driven by a rich vehicle mix and strong pricing for the company's all-new full-size pickup trucks.

Zacks Rank

Currently, General Motors has a Zacks Rank #2 (Buy), but that could change following its earnings report which has just released.

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

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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.


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

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