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In the latest trade consultation, General Motors Company (GM) ended at $35. 32, representing an adjustment of -0. 54% from the previous day’s close. The movement of the shares is lower than the daily gain of 0. 22% in the S.
The company’s inventory has fallen by 1. 42% over the past month, resulting in a 7. 68% loss in the truck tire sector and a 1. 61% gain in the S sector.
Investors will be eagerly watching General Motors Company’s functionality in its upcoming earnings release. The company’s earnings report is expected to be released on January 30, 2024. The company’s next EPS is expected to be $1. 09, down 48. 58% from the same quarter last year. year. At the same time, our most recent consensus estimate foresees a profit of $39. 67 billion, down 7. 98% from the prior-year quarter.
It’s also vital for investors to be aware of any recent adjustments to analyst estimates for General Motors Company. These revisions reflect the latest short-term business trends, which can be replaced frequently. With this in mind, we can see the positive revisions to the estimates as a sign of optimism about the company’s business prospects.
Our studies show that those valuation adjustments are directly similar to how inventory costs will move in the near future. To use this, we created Zacks Rank, a proprietary design that adjusts those calculations and provides a functional scoring system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.62% increase. Right now, General Motors Company possesses a Zacks Rank of #1 (Strong Buy).
In terms of valuation, General Motors Company has recently traded with a forward P/E ratio of 4. 59. This rating marks an average forward P/E for its sector of 11. 75.
Also, we should mention that GM has a PEG ratio of 0.59. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company’s projected earnings growth. The Automotive – Domestic industry had an average PEG ratio of 1.27 as trading concluded yesterday.
The domestic automotive industry belongs to the sector of tires for cars and trucks. This organization has a Zacks Industry rating of 177, which puts it in the top 30% of the 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks. com to monitor all those metrics that influence the stock, and much more, in the upcoming trading sessions.
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