Time to Buy General Motors (GM) Stock After Strong Q1 Results [Yahoo! Finance]
General Motors Company (GM)
Last general motors company earnings: 2/5 08:05 am
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Source: Yahoo! Finance
General Motors GM stock with the company blowing away its Q1 expectations this morning. Spiking over +4% today, General Motors stock has now soared +25% year to date to top its arch-rival Ford Motor's F +6% with Tesla shares down a greasily -41% amid slower sales growth and a recent recall in its much-anticipated cyber truck. With that being said, General Motors raised its EPS guidance and now looks like an ideal time to buy. Image Source: Zacks Investment Research Q1 Review The highlight of General Motors' first quarter according to CEO Mary Barra was a 10.6% EBIT margin thanks to operating discipline and an industry-leading full-size pickup fleet. This along with momentum in midsize pickups, SUVs, and profitability improvements in General Motors EV portfolio led to net income of $3 billion or $2.62 per share which crushed the Zacks Consensus of $2.08 a share by 26%. Year over year, Q1 earnings climbed 18% from $2.21 a share in the comparative quarter. Plus, Q1 sales of $
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GM
Earnings
- 4/23/24 - Beat
GM
Sec Filings
- 5/2/24 - Form PX14A6G
- 4/25/24 - Form PX14A6G
- 4/24/24 - Form ARS
- GM's page on the SEC website