General Motors Co reports results for the quarter ended March 31 - Earnings Summary

• General Motors Co GM.N reported quarterly adjusted earnings of $2.78​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $2.62. The mean expectation of twenty analysts for the quarter was for earnings of $2.74 per share. Wall Street expected results to range from $2.32 to $3.06 per share.

• Revenue rose 2.3% to $44.02 billion from a year ago; analysts expected $43.05 billion.

• General Motors Co's reported EPS for the quarter was $3.35​.

• The company reported quarterly net income of $3.36 billion.

• General Motors Co shares had fallen by 0.2% this quarter and lost 11.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 12 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the auto & truck manufacturers peer group is also "buy"

• Wall Street's median 12-month price target for General Motors Co is $53.50

This summary was machine generated from LSEG data April 30 at 02:11 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)