General Motors Company (NYSE:GM) is reporting third quarter financial results on Thursday 5th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, GM is expected to report 3Q20 income of $ 1.38 per share from revenue of $ 35512.90 million.
For the full year, analysts anticipate top line of $ 120220.00 million, while looking forward to income of $ 2.56 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 loss for the second quarter of $ 0.50 per share, from the revenue of $ 16,778.00 million. The quarterly revenues decreased 53.47 percent compared with the same quarter last year. Wall street analysts are predicting, GM to report 2Q20 loss of $ 1.77 per share from revenue of $ 17307.60 million. The bottom line results beat street analysts by $ 1.27 or 71.75 percent, at the same time, top line results fell short of analysts by $ 529.6 million or 3.06 percent.
Stock Performance
Shares of General Motors Company traded low $ -0.11 or -0.31 percent on Wednesday, reaching $ 35.24 with volume of 14.47 million shares. General Motors Company has traded high as $ 35.77 and has cracked $ 34.23 on the downward trend
The closing price of $ 35.24, representing a 146.69 % increase from the 52 week low of $ 14.33 and a 9.27 % decrease over the 52 week high of $ 38.96.
The company has a market capital of $ 50.43 billion and is part of the Consumer Cyclical sector and Auto Manufacturers industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Bank of America at Buy rating, with $ 65.00 target price.
- On 14th October 2020, maintained by Goldman Sachs Group at Buy rating, with $ 41.00 target price.
- On 13th October 2020, maintained by Deutsche Bank at Buy rating, with $ 35.00 target price.
Conference Call
General Motors Company will be hosting a conference call at 10:00 AM eastern time on 5th November 2020, to discuss its 3Q20 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.
