General Motors Earnings: Here’s Why Investors Like These Results

General Motors Corporation (NYSE:GM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.51%.

General Motors Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 6.67% to $0.84 in the quarter versus EPS of $0.90 in the year-earlier quarter.

Revenue: Rose 3.95% to $39.1 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: General Motors Corporation reported adjusted EPS income of $0.84 per share. By that measure, the company beat the mean analyst estimate of $0.75. It beat the average revenue estimate of $38.37 billion.

Key Stats (on next page)…

Revenue increased 6.01% from $36.88 billion in the previous quarter. EPS increased 25.37% from $0.67 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.05 to a profit $0.97. For the current year, the average estimate has moved down from a profit of $3.35 to a profit of $3.31 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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