Erste Group Bank Predicts General Motors FY2026 Earnings

Key Points

• Erste Group Bank raised its FY2026 EPS forecast for General Motors to $13.60 from $13.55, above the $13.52 consensus estimate, and projects FY2027 EPS of $15.20.
• GM’s latest quarterly results exceeded expectations, with EPS of $3.57 versus the $3.19 consensus and revenue of $48.03 billion versus estimates of $47.01 billion. The company’s FY2026 guidance remains $12.00–$14.00 EPS.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus rating and an average price target of $101.22, although insider selling and reported truck safety issues present potential risks.

General Motors Company (NYSE:GM - Free Report) TSE: GMM.U - Erste Group Bank raised their FY2026 EPS estimates for General Motors in a report issued on Thursday, October 8th. Erste Group Bank analyst S. Lingnau now anticipates that the auto manufacturer will post earnings per share of $13.60 for the year, up from their prior forecast of $13.55. The consensus estimate for General Motors' current full-year earnings is $13.52 per share. Erste Group Bank also issued estimates for General Motors' FY2027 earnings at $15.20 EPS.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.38. The company had revenue of $48.03 billion during the quarter, compared to analysts' expectations of $47.01 billion. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The business's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS.

A number of other equities research analysts also recently issued reports on GM. Tigress Financial boosted their price target on General Motors from $92.00 to $130.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 28th. Morgan Stanley raised their price objective on General Motors from $100.00 to $101.00 and gave the stock an "overweight" rating in a report on Wednesday, July 22nd. UBS Group reduced their price objective on General Motors from $114.00 to $112.00 and set a "buy" rating on the stock in a research note on Wednesday, October 7th. The Goldman Sachs Group lifted their price objective on General Motors from $103.00 to $112.00 and gave the company a "buy" rating in a research note on Tuesday, October 6th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of General Motors in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $101.22.

General Motors Trading Down 0.5%

Shares of GM opened at $82.31 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $72.22 billion, a P/E ratio of 41.57, a price-to-earnings-growth ratio of 0.46 and a beta of 1.40. The stock's fifty day simple moving average is $84.69 and its 200 day simple moving average is $80.90. General Motors has a twelve month low of $54.33 and a twelve month high of $91.85.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Friday, September 4th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, September 4th. General Motors's dividend payout ratio is 36.36%.

Insider Transactions at General Motors

In other General Motors news, EVP Grant Dixton sold 40,000 shares of the firm's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $88.44, for a total value of $3,537,600.00. Following the transaction, the executive vice president directly owned 54,992 shares of the company's stock, valued at $4,863,492.48. This trade represents a 42.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Mark Reuss sold 71,079 shares of the business's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $89.97, for a total value of $6,394,977.63. Following the transaction, the president owned 92,293 shares in the company, valued at approximately $8,303,601.21. This represents a 43.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 549,665 shares of company stock worth $49,010,828 in the last quarter. 0.44% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On General Motors

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc bought a new position in General Motors during the 2nd quarter worth $599,066,000. NEOS Investment Management LLC boosted its holdings in shares of General Motors by 8.8% during the second quarter. NEOS Investment Management LLC now owns 146,561 shares of the auto manufacturer's stock valued at $11,297,000 after acquiring an additional 11,901 shares during the period. Engineers Gate Manager LP boosted its holdings in shares of General Motors by 18.6% during the second quarter. Engineers Gate Manager LP now owns 1,290,019 shares of the auto manufacturer's stock valued at $99,435,000 after acquiring an additional 202,057 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of General Motors by 16.2% during the first quarter. Janney Montgomery Scott LLC now owns 202,172 shares of the auto manufacturer's stock valued at $15,062,000 after acquiring an additional 28,163 shares during the period. Finally, Wilsey Asset Management Inc. grew its position in shares of General Motors by 2.1% during the second quarter. Wilsey Asset Management Inc. now owns 626,200 shares of the auto manufacturer's stock worth $48,268,000 after acquiring an additional 12,617 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors News Summary

Here are the key news stories impacting General Motors this week:

• Positive Sentiment: Analysts expect GM to report higher third-quarter earnings when results are released before the market opens on October 20. The company’s history of earnings beats and favorable estimate revisions could support investor confidence ahead of the report. General Motors Likely To Report Higher Q3 Earnings Will General Motors Beat Estimates Again
• Positive Sentiment: GM reiterated that it is advancing toward an “eyes-off, hands-off” driver-assistance system targeted for launch on the electric Cadillac Escalade IQ in 2028. The technology could create longer-term software and premium-vehicle growth opportunities as GM shifts its autonomy strategy toward personal vehicles. GM CEO Eyes-Off Hands-Off Driving
• Positive Sentiment: RBC raised its GM price target to $102 from $100 and maintained an Outperform rating, while also describing resilient U.S. vehicle demand as supportive for major automakers. RBC Lifts Price Target on General Motors
• Positive Sentiment: GM and LG plan additional U.S. electric-vehicle battery investment, which may strengthen domestic EV production and supply-chain capabilities. GM and LG to Invest in U.S. EV Batteries
• Neutral Sentiment: JPMorgan lowered its GM price target to $110 from $120 but retained an Overweight rating. The cut tempers the bullish analyst outlook while still implying substantial potential upside.
• Neutral Sentiment: GM’s relatively low valuation and strong North American truck and SUV business remain attractions, although investors are weighing whether earnings can hold up amid industry and technology changes. General Motors Stock Has a Low Valuation
• Negative Sentiment: Reports that grille components can detach from certain top-selling GM trucks, along with a separate air-bag inflator issue affecting 1,559 Chevrolet Silverado and GMC Sierra pickups, raise potential recall, cost and reputation risks. GM Truck Grille Safety Report

General Motors Company Profile

General Motors Company NYSE: GM is a global automotive manufacturer headquartered in Detroit, Michigan. Founded in 1908, the company designs, manufactures and sells cars, trucks and sport utility vehicles under brands including Chevrolet, Buick, GMC and Cadillac.

GM serves customers primarily in North America and also operates in international markets. Its business includes gasoline-powered and electric vehicles, commercial and fleet vehicles, vehicle financing through GM Financial, and connected-vehicle services such as OnStar.

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