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Sergey Savastiouk's Avatar
published in Blogs
Jan 31, 2023

General Motors (GM, $39.18) tops Q4 earnings expectations

General Motors posted fourth quarter earnings that beat analysts’ expectations.

The carmaker’s adjusted earnings for the three months ending in December came in at $2.12 per share, surging +57% year-over-year, and exceeding the Street expectation of $1.69 per share.

 Revenues rose +28.3% to $43.1 billion, vs. analysts' consensus of $40.65 billion.

GM delivered 623,261 cars over the quarter, which is +41% increase from last year.

Looking ahead, General Motors expects adjusted net income in the range  of $10.5 billion to $12.5 billion for 2023. It projects earnings in the range of $6 to $7 per share, higher than the Refinitiv forecast of around $5.73 per share. 

"We expect that our momentum will help us deliver strong results once again in 2023," stated CEO Mary Barra. "GM led the U.S. industry in total sales and delivered the largest year-over-year increase in market share of any OEM, thanks to strong demand for our products and improved supply chain conditions."

"Our EVs are transformational in so many ways. We’re earning new customers," Barra added. "Our investments are creating new jobs. We’re moving closer to a world with zero crashes, zero emissions and zero congestion, and we believe our R&D, supply chain, manufacturing scale and distribution network will unlock the profitability of EVs."

Related Ticker: GM

Momentum Indicator for GM turns positive, indicating new upward trend

GM saw its Momentum Indicator move above the 0 level on February 20, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 84 similar instances where the indicator turned positive. In of the 84 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 63 cases where GM's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for GM just turned positive on February 19, 2025. Looking at past instances where GM's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GM advanced for three days, in of 337 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

GM moved below its 50-day moving average on January 28, 2025 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.815) is normal, around the industry mean (6.202). P/E Ratio (6.202) is within average values for comparable stocks, (17.826). Projected Growth (PEG Ratio) (0.846) is also within normal values, averaging (5.723). GM has a moderately low Dividend Yield (0.009) as compared to the industry average of (0.042). P/S Ratio (0.362) is also within normal values, averaging (77.712).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. GM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock slightly better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

Notable companies

The most notable companies in this group are Tesla (NASDAQ:TSLA), Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), NIO Inc. (NYSE:NIO).

Industry description

Automobiles continue to be arguably the most popular form of passenger travel in the U.S., and major automobile makers have revenues and market capitalizations running into multi-billions. In recent years, the industry has been experiencing some path-breaking innovations like electric vehicles and self-driving technology. While there are long-standing companies like General Motors, Ford, and Toyota Motors operating in this space, there are also emerging/rapidly growing players like Tesla – which has had a major role in the growing popularity of the electric vehicle market. With technological advancements taking steam in the auto space, we’ve also witnessed collaborations (or talks of potential partnerships) of carmakers with tech behemoths like Google’s subsidiary, Waymo.

Market Cap

The average market capitalization across the Motor Vehicles Industry is 34.29B. The market cap for tickers in the group ranges from 2.49M to 559.85B. TSLA holds the highest valuation in this group at 559.85B. The lowest valued company is EVTGF at 2.49M.

High and low price notable news

The average weekly price growth across all stocks in the Motor Vehicles Industry was -2%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was -3%. DNFGY experienced the highest price growth at 51%, while MULN experienced the biggest fall at -62%.

Volume

The average weekly volume growth across all stocks in the Motor Vehicles Industry was -62%. For the same stocks of the Industry, the average monthly volume growth was -26% and the average quarterly volume growth was -28%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 40
P/E Growth Rating: 68
Price Growth Rating: 60
SMR Rating: 68
Profit Risk Rating: 85
Seasonality Score: -55 (-100 ... +100)
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General Information

a manufacturer of cars, trucks and automobile parts

Industry MotorVehicles

Profile
Fundamentals
Details
Industry
Motor Vehicles
Address
300 Renaissance Center
Phone
+1 313 667-1500
Employees
87000
Web
https://www.gm.com