General Motors Company Second Quarter Earnings Sneak Peek

General Motors Company (NYSE:GM) will unveil its latest earnings on Thursday, August 4, 2011.

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General Motors Company Earnings Preview Cheat Sheet

During the past three months, the average estimate has moved up from $1.07. Between one and three months ago, the average estimate moved up, and has risen from $1.13 during the last month. For the year, analysts are projecting net income of $4 per share, a rise of 32% from last year.

Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with profit of 95 cents per share against the mean estimate of 94 cents. In the prior quarter, the company reported net income of 52 cents.

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Analyst Ratings: Analysts are bullish on this stock with 12 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

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 May 4, 2011 to July 29, 2011, the stock price had fallen $5.36 (-16.2%) from $33.04 to $27.68. 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 $9.18 (-24.9%) year to date.

(Source: Xignite Financials)

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