Published on 21 Mar 2024 on Zacks via Yahoo Finance
General Motors Company (GM) Hits Fresh High: Is There Still Room to Run?
Have you been paying attention to shares of General Motors Company (GM)? Shares have been on the move with the stock up 8.5% over the past month. The stock hit a new 52-week high of $42.89 in the previous session. General Motors Company has gained 19.3% since the start of the year compared to the -6.4% move for the Zacks Auto-Tires-Trucks sector and the -23.2% return for the Zacks Automotive - Domestic industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on January 30, 2024, General Motors reported EPS of $1.24 versus consensus estimate of $1.12 while it beat the consensus revenue estimate by 5.4%.