General Motors Upcoming Third Quarter Earnings Release

General Motors Company (NYSE:GM) will unveil its latest earnings on Wednesday, November 9, 2011. General Motors develops, produces and markets cars, trucks and parts worldwide.

General Motors Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 99 cents per share, a rise of 25.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 96 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. For the year, analysts are projecting net income of $4.28 per share, a rise of 41.3% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of $1.54 per share versus a mean estimate of net income of $1.21 per share.

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Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the second quarter, profit remained level at $2.99 billion ($1.54 a share) from the year earlier, beating analyst estimates. Revenue was unchanged at $39.37 billion.

Competitors to Watch: Ford Motor Company (NYSE:F), Toyota Motor Corp. (NYSE:TM), HONDA MOTOR CO., LTD. (NYSE:HMC), Tesla Motors Inc (NASDAQ:TSLA), Tata Motors Limited (NYSE:TTM), Spartan Motors, Inc. (NASDAQ:SPAR), and Federal Signal Corporation (NYSE:FSS).

Stock Price Performance: During October 28, 2011 to November 3, 2011, the stock price had dropped $2.42 (-9.1%) from $26.45 to $24.03. The stock price saw one of its best stretches over the last year between April 19, 2011 and May 4, 2011 when shares rose for 11-straight days, rising 11.7% (+$3.45) over that span. It saw one of its worst periods between January 11, 2011 and January 20, 2011 when shares fell for seven-straight days, falling 4.1% (-$1.57) over that span. Shares are down $12.83 (-34.8%) year to date.

(Source: Xignite Financials)

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