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General Motors (GM) is Zacks Rank’s No. 1 (strong buy) which has an A for price and a D for expansion. This publicly traded car company has a valuation and has noticed strong expansion since the last profit increase. Let’s explore this company further in this Bull of the Day article.
Description
General Motors Co. se engaged in the design, manufacture and sale of trucks, crossovers, automobiles and auto parts, and the supply of software and subscriptions. It operates through the following segments: GMNA, GMI, Cruise, and GM Financial. The company was founded by William C. on September 16, 1908, and is headquartered in Detroit, Michigan.
Earnings History
When I look at a stock, the first thing I do is see if the company exceeds the number. It tells me right away where the market’s expectations are about the company and how control has communicated with the market. An action that outperforms is in control. that communicates to Wall Street the expectations that can be achieved. That’s what you have to see.
For General Motors, I see four improvements over the Zacks consensus estimate over the next year. The average positive profit over the next year is 20%.
Revisions to Earnings Estimates
Revisions to profit estimates are at the heart of Zacks’ rankings.
After last quarter’s peak, estimates tend to rise.
The consensus estimate for the quarter has risen to $2. 02 from $1. 87.
In the following quarter, the consensus went from $1. 76 to $2. 21.
The estimate for the full year 2024 has risen from $7. 74 to $9. 00.
Next year, the amount will increase from $7. 55 to $9. 13.
Evaluation
GM’s forward PE is 4. 8x, well below the average market price of around 18x. The reserve value is 0. 74x, which means that cost investors will be very interested in this inventory as they tend to put more emphasis. in this metric. The value of the sale is 0. 3x.
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