Proactive Investors - General Motors (NYSE:GM) is due to report earnings before the market opens on April 25. The company has beaten earnings expectations in three of the last four quarters, and analysts at Zacks believe another surprise may be on the way.
The Street's expectations for the automaker are revenue of $38.95 billion and earnings of $1.71 per share.
The Zacks Earnings ESP (Expected Surprise Prediction) rating for GM is positive (+19.09%), meaning an earnings beat is more likely. Just last quarter, GM’s earnings of $2.12 per share topped Zacks’ estimate of $1.68.
One tea leaf to read is the company's first quarter US sales, which GM announced earlier this month.
The automaker’s US sales increased 18% year-over-year to 603,208 vehicles, and sales of the Chevrolet, GMC, Buick and Cadillac brands jumped 16%, 29%, 99% and 8%, respectively.