General Motors’ 2Q17 earnings
General Motors (GM), the largest US automaker, is set to release its 2Q17 earnings report on July 25, 2017. In 2016, GM stood out with the largest market share in the US market, followed by Ford Motor Company (F), Toyota (TM), and Fiat Chrysler (FCAU). Before we find out what analysts expect from GM’s 2Q17 earnings, let’s explore how its stock has performed in July so far.
General Motors in July 2017 so far
On July 17, General Motors stock rose about 4.2% against a 1.5% rise in the S&P 500 Index (SPY). During the month, its direct peers Ford and Fiat Chrysler also rose ~4.9% and 13.2%, respectively.
In the first six months of 2017, GM’s total US sales fell 1.7% on a YoY (year-over-year) basis. During the same period, the company’s retails sales fell 0.4%. A sharp fall in GM’s US fleet sales was the key reason for its total US declines in the first half of 2017.
In this series
In this series, we’ll take a look at Wall Street analysts’ estimates for GM’s 2Q17 revenues and margins. We’ll also explore analysts’ recommendations for its stock before its 2Q17 earnings release. Also, we’ll find out what other key announcements investors can expect from the company’s second quarter earnings event.
In the next part of this series, we’ll go through a quick recap of General Motors’ 1Q17 earnings and look at its 2Q17 earnings estimates.