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General Motors' 1Q17: Behind the Analysts' Estimations

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General Motors' 1Q17: Behind the Analysts' Estimations PART 1 OF 8

General Motors So Far in April 2017

General Motors’ 1Q17 earnings

General Motors (GM), the largest US automaker, is set to release its 1Q17 earnings report on April 28, 2017. In 2016, the company had the largest market share in the US, followed by Ford Motor (F) and Toyota Motor (TM). But before we discuss what analysts are expecting from GM’s 1Q17 earnings, let’s explore how its stock has performed in April so far.

General Motors So Far in April 2017

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GM’s stock in April

As of April 20, General Motors stock has lost about 3.6% on MTD (month-to-date) basis, as compared to the 0.3% MTD drop in the S&P 500 Index (SPY). During the same period, peers Ford and Fiat Chrysler Automobiles (FCAU) have fallen 1.5% and 6.5%, respectively, on Wall Street.

Notably, GM has managed to post a minor increase in its 1Q17 US sales while the US sales of Ford and Fiat Chrysler fell on a year-over-year basis.

Previously, GM’s stock ended the first quarter in the green territory with about 1.5% gains, much lower than 5.5% gains of the S&P 500 Index. Softening US auto sales could be the primary reason for auto stocks’ underperformance on Wall Street in the first quarter.

Series overview

In this series, we’ll explore Wall Street analysts’ estimates for GM’s 1Q17 revenue and margins and recommendations for its stock before its 1Q17 earnings. Also, we’ll find out what other key announcements investors can expect from the company’s first quarter earnings event.

In the next part of this series, we’ll do a quick recap of General Motors’ 4Q17 earnings and then move on to the 1Q17 earnings estimates.

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