General Motors Company (NYSE:GM) reported fourth-quarter 2017 adjusted earnings per share of $1.65, up 21.3% from that of prior-year quarter. The bottom line comfortably beat the Zacks Consensus Estimate of $1.34.
Revenues
General Motors reported revenues of $37.7 billion, down 5.5% from the year ago quarter figure. However, revenues surpassed the Zacks Consensus Estimate of $33.3 billion.
Estimate Trend & Surprise History
Investors should note that the Zacks Consensus Estimate for fourth-quarter earnings for General Motors has increased over the last week.
General Motors has delivered positive earnings surprises in the past few quarters. It surpassed the Zacks Consensus Estimate in each of the trailing 4 quarters with an average beat of around 15.7%.
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, adjusted EBIT reached a record. This was aided by sales of crossovers, strong pricing and cost control initiatives, which were partly offset by a wholesale volume decline.
Zacks Rank
Currently, General Motors has a Zacks Rank #3 (Hold), 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.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple (NASDAQ:AAPL) sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
General Motors Company (GM): Free Stock Analysis Report
Original post
Zacks Investment Research