General Motors Co reports results for the quarter ended September 30 - Earnings Summary

• General Motors Co GM.N reported quarterly adjusted earnings of $3.70​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $2.80. The mean expectation of nineteen analysts for the quarter was for earnings of $3.63 per share. Wall Street expected results to range from $3.44 to $3.85 per share.

• Revenue rose 2.9% to $50.02 billion from a year ago; analysts expected $48.70 billion.

• General Motors Co's reported EPS for the quarter was $3.73​.

• The company reported quarterly net income of $3.31 billion.

• General Motors Co shares had risen by 7.5% this quarter and gained 1.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6.6% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy," 5 "hold" and no "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 $102.00, about 18.9% above its last closing price of $82.75

This summary was machine generated from LSEG data October 20 at 01:31 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)