The American automaker is losing value fast as the shares dropped from $43 to $33 in just two months. General Motors will publish Q1 earnings today, and the market is reacting nervously. Time to buy or sell GM stocks?
Compared to the Zacks Consensus Estimate of $1.68 per share for the most recent reported quarter, General Motors Company’s earnings of $2.12 per share were a surprise of 26.19%. The firm surprised analysts by 19.05% in the preceding quarter, posting earnings of $2.25 per share as opposed to the $1.89 per share that had been projected.
