For its second fiscal quarter (ending June 30), General Motors Co (NYSE: GM) has reported a 40% increase in E.P.S. from $1.83 a year ago to $2.57 in the current quarter. Relative to the consensus estimate of $2.66, this was a shortfall of $-0.09. E.P.S. were $8.94 for the latest four quarters through June 30 versus $7.19 for the same period a year ago — an increase of 24%.
Recent Price Action
On 7/23/24, General Motors Co (NYSE: GM) stock suffered a large decline of -6.4%, closing at $46.38. Moreover, trading volume in this decline was exceptionally high at 286% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -5.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, GM is expected to continue to be a major Value Builder.
General Motors has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. General Motors has a very high Power Rating of 88 and a very high Appreciation Score of 96, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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