General Motors Company (NYSE:GM) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on February 08, 2017. The stock added about 3.2 percent in price since last results when it was at $32.98 a share. Based on the most relevant past-periods data, there is an 52.17 percent probability for this firm’s share price to go down following next quarterly results. Earnings reaction history tells us that the equity price moved down 12 times out of last 23 reported quarters. It has beaten earnings-per-share estimates 66% of the time in its last 12 earnings reports. It fell short of earnings estimates on 4 occasions, and it has met expectations 0 time.
Here’s how traders responded to GM earnings announcements over the past few quarters.
General Motors Company (GM) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 19.67 percent over the past four quarters. Back on October 25, 2016, it posted earnings per-share earnings at $1.72 which beat the consensus $1.44 projection (positive surprise of19.44%. For the quarter, revenue came in at 42.83B versus consensus estimate of 39.29B. The stock dropped -4.18 percent the session following the earnings reports were released, and on 7th day price change was -4.18 percent.
On July 21, 2016, it reported earnings at $1.86 a share compared with the consensus estimate of $1.52 per share (positive surprise of 22.37%). Revenue of 42.37B for that quarter was above the $38.91B analysts had expected. The stock climbed 1.7% the day following the earnings announcement, and on 7th day price change was 1.67%.
On April 21, 2016, it recorded $1.26 a share in earnings which topped the consensus estimate of $1.01 (positive surprise of 24.75%). Revenue for the quarter was $37.27B while analysts called for revenues to be $35.41B. The stock gained 1.46% the day following the earnings data was made public, and on 7th day price change was -0.1%.
On February 3, 2016, it announced earnings per share at $1.39 versus the consensus estimate of $1.24 per share (positive surprise of 12.1%). That came on revenues of $39.62B for that period. Analysts had expected $39.03B in revenue.
General Motors Company Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $1.17. The analysts’ present consensus range is $1-$1.3 for EPS. The market consensus range for revenue is between $36.75B and $42.44B, with an average of $40.04B.
General Motors Company (NYSE:GM) last ended at $34.02, sending the company’s market cap near $52.57B. The consensus 12-month price target from analysts covering the stock is $35.94. The share price has declined -3.27% from its top level in 52 weeks and dropped 3.8% this year. It recently traded in a range of $32.38-$34.28 at a volume of 33021215 shares. The recent trading ended with the price nearly 9.18 higher for the last 5 trading days, rebounding 32.27% from its 52-week low.