General Motors (GM) stock closed at $49.77, up +0.95%, outperforming S&P 500’s 0.64% gain. In the past month, GM’s stock rose by 4.01%, lagging the Auto-Tires-Trucks sector’s 21.06% gain. The company’s upcoming earnings report on July 23, 2024, anticipates $2.67 EPS and $44.94 billion revenue, reflecting 39.79% and 0.43% growth year-over-year.

Analysts expect General Motors to post $9.43 EPS and $176.44 billion revenue for the entire fiscal year, showing +22.79% and +2.67% changes from the previous year. Recent analyst estimates revisions indicate optimism about GM’s business and profitability, impacting near-term share price momentum.

With a Zacks Rank of #3 (Hold), GM currently trades at a Forward P/E ratio of 5.23, reflecting a discount compared to the industry’s 11.58. The PEG ratio stands at 0.52, below the industry average of 1.2 in the Automotive – Domestic sector, which has a Zacks Industry Rank of 199, placing it in the bottom 22% of all industries.

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Read more at Nasdaq: Why General Motors (GM) Outpaced the Stock Market Today