General Motors Company GM reported third-quarter 2018 adjusted earnings per share of $1.87, up 41.7% from that of prior-year quarter. Also the bottom line beat the Zacks Consensus Estimate of $1.26. The quarter witnessed robust performance in North America across all-new full-size trucks, and crossovers.
Revenues
General Motors reported revenues of $35.8 billion, up 6.4% from the year ago quarter figure. Also, revenues came in higher than the Zacks Consensus Estimate of $34.2 billion.
General Motors Company Price and EPS Surprise
General Motors Company Price and EPS Surprise | General Motors Company Quote
Estimate Trend & Surprise History
Investors should note that the Zacks Consensus Estimate for third-quarter earnings for General Motors has remained unchanged over the past seven days.
General Motors has delivered negative earnings surprise in the last quarter. It surpassed the Zacks Consensus Estimate in three of the trailing four quarters, while missing on one occasion, with an average beat of around 15.5%.
We have highlighted some of the key stats from this just-revealed announcement below:
Key Stats/Developments to Note
During the quarter, General Motors delivered 700,000 vehicles in the United States. Chevrolet Tahoe, Suburban and GMC Yukon full-size SUVs sales rose around 12% year over year.
Zacks Rank
Currently, General Motors has a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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