General Motors Company (NYSE:GM) is reporting second quarter financial results on Wednesday 29th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, GM is expected to report 2Q20 loss of $ 1.77 per share from revenue of $ 17307.60 million.
For the full year, analysts anticipate top line of $ 117171.00 million, while looking forward to income of $ 1.18 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 5.75 ~ $ 6.25 per share
Click Here For More Historical Outlooks Of General Motors Company
Previous Quarter Performance
General Motors Company unveiled income for the first quarter of $ 0.62 per share, from the revenue of $ 32,709.00 million. The quarterly earnings reduced 56.03 percent while revenues lowered 6.22 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.33 per share from $ 31122.10 million in revenue. The bottom line results beat street analysts by $ 0.29 or 87.88 percent, at the same time, top line results outshined analysts by $ 1,586.90 million or 5.10 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of General Motors Company
Stock Performance
According to the previous trading day, closing price of GM was $ 26.33, representing a 83.74 % increase from the 52 week low of $ 14.33 and a 37.16 % decrease over the 52 week high of $ 41.90.
The company has a market capital of $ 37.68 billion and is part of the Consumer Cyclical sector and Auto Manufacturers industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”GM” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Analyst recommendations
- On 12th June 2020, upgraded by Goldman Sachs Group to Buy from Neutral rating.
- On 12th June 2020, maintained by Morgan Stanley at Overweight rating, with $ 43.00 target price.
Conference Call
General Motors Company will be hosting a conference call at 10:00 AM eastern time on 29th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.gm.com
General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
