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.
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
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.
Currently, General Motors has a Zacks Rank #2 (Buy), but that could change following its earnings report which has just released.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.