Why General Motors’ Third-Quarter Profit Will Likely Fall
General Motors (NYSE: GM) will report its third-quarter earnings results before the U.S. markets open on Tuesday, and -- at least when it comes to the headline numbers -- the results are likely to be quite a bit lower than the automaker has posted in recent periods.
But the thing investors need to recognize is that the factors causing those drop aren't surprises, nor should they be major concerns for shareholders. Here's a look at what to expect.
Wall Street thinks that GM's revenue and earnings will both be down significantly from its results in the third quarter of 2016. Wall Street analysts polled by Thomson Reuters expect GM's earnings, excluding special items, to come in at $1.13 per share on $32.67 billion in revenue. A year ago, GM earned $1.76 per share on revenue of $42.8 billion.
Source: Fool.com
General Motors Corp Stock
Currently there is a rather positive sentiment for General Motors Corp with 32 Buy predictions and 5 Sell predictions.
With a target price of 46 € there is a slightly positive potential of 10.32% for General Motors Corp compared to the current price of 41.7 €.
