What Does Wall Street See for General Motors' Q2?
Jul 30th 2012 2:58PM
Updated Jul 30th 2012 3:02PM
General Motors (NYS: GM) is expected to report Q2 earnings on Aug. 2. 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' revenues will contract -2.3% and EPS will wane -48.7%.
The average estimate for revenue is $38.50 billion. On the bottom line, the average EPS estimate is $0.79.
Last quarter, General Motors recorded revenue of $37.80 billion. GAAP reported sales were 4.3% higher than the prior-year quarter's $36.19 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 $0.93. GAAP EPS of $0.60 for Q1 were 66% lower than the prior-year quarter's $1.77 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 12.4%, 40 basis points better than the prior-year quarter. Operating margin was 4.5%, 80 basis points better than the prior-year quarter. Net margin was 3.5%, 580 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $154.17 billion. The average EPS estimate is $3.27.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 804 members out of 997 rating the stock outperform, and 193 members rating it underperform. Among 191 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 144 give General Motors a green thumbs-up, and 47 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 $34.40.
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The article What Does Wall Street See for General Motors' Q2? originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend General Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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