General Motors (NYSE: GM ) is expected to report Q2 earnings on July 25. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict General Motors's revenues will grow 1.9% and EPS will drop -15.6%.
The average estimate for revenue is $38.34 billion. On the bottom line, the average EPS estimate is $0.76.
Last quarter, General Motors tallied revenue of $36.88 billion. GAAP reported sales were 2.3% lower than the prior-year quarter's $37.76 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.85. GAAP EPS of $0.58 for Q1 were 3.3% lower than the prior-year quarter's $0.60 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 10.6%, 160 basis points worse than the prior-year quarter. Operating margin was 2.6%, 170 basis points worse than the prior-year quarter. Net margin was 3.2%, 30 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $155.82 billion. The average EPS estimate is $3.32.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 863 members out of 1,076 rating the stock outperform, and 213 members rating it underperform. Among 223 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 189 give General Motors a green thumbs-up, and 34 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on General Motors is outperform, with an average price target of $35.24.
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