General Motors Company First Quarter Earnings Sneak Peek

General Motors Company (NYSE:GM) will unveil its latest earnings on Thursday, May 3, 2012. 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 84 cents per share, a decline of 11.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 88 cents. Between one and three months ago, the average estimate moved down. It has risen from 83 cents during the last month. For the year, analysts are projecting net income of $3.86 per share, a decline of 0.5% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported profit of 39 cents per share versus a mean estimate of net income of 42 cents per share. In the third quarter of the last fiscal year, the company beat estimates by 4 cents.

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Wall St. Revenue Expectations: Analysts predict a rise of 3.7% in revenue from the year-earlier quarter to $37.54 billion.

Analyst Ratings: Analysts are optimistic about this stock, with nine analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 48.4% to $725 million (28 cents a share) from $1.41 billion (70 cents a share) the year earlier, missing analyst expectations. Revenue rose 3% to $37.99 billion from $36.88 billion.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 15% in the first quarter of the last fiscal year, 18.7% in the second quarter of the last fiscal year and 7.8% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

The company is trying to use this earnings announcement to rebound from income declines in the past two quarters. Net income dropped 2.5% in the third quarter of the last fiscal year and then again in the fourth quarter of the last fiscal year.

Competitors to Watch: Ford Motor Company, Toyota Motor Corp., HONDA MOTOR CO., LTD., Daimler AG, Nissan Motor Co., Ltd., Tesla Motors Inc, Volkswagen AG, Tata Motors Limited, Spartan Motors, Inc., and Federal Signal Corporation.

Stock Price Performance: Between March 1, 2012 and April 27, 2012, the stock price had fallen $2.94 (-11.1%), from $26.47 to $23.53. The stock price saw one of its best stretches over the last year between December 28, 2011 and January 6, 2012, when shares rose for seven straight days, increasing 15.4% (+$3.06) over that span. It saw one of its worst periods between November 15, 2011 and November 23, 2011 when shares fell for seven straight days, dropping 13.3% (-$3.11) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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