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This General Motors Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday
Benzinga· 2024-07-24 12:38
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.Morgan Stanley analyst Adam Jonas downgraded the rating for General Motors Company GM from Overweight to Equal-Weight, but increased the price target from $46 to $47. General Motors shares fell 6.4% to settle at $46.38 on Tuesday. See how other analysts view this stock. See how other analysts view this stock. ...
General Dynamics Likely To Report Higher Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2024-07-24 07:14
General Dynamics Corporation GD will release its financial results for the second quarter, before the opening bell on Wednesday, July 24.Analysts expect the Reston, Virginia-based company to report quarterly earnings at $3.27 per share, up from $2.7 per share in the year-ago period. General Dynamics is expected to post revenue of $11.44 billion, compared to $10.15 billion a year earlier, according to data from Benzinga Pro.The company's business unit, Bath Iron Works, last month, clinched a contract to prov ...
GM indefinitely pauses Cruise Origin autonomous vehicle while it refocuses unit
New York Post· 2024-07-24 05:33
General Motors is forgoing plans to produce its autonomous cab Cruise Origin indefinitely as it refocuses efforts on the troubled unit. GM CEO Mary Barra told shareholders on Tuesday that the automaker will “simplify their path to scale by focusing their next autonomous vehicle on the next-generation Chevrolet Bolt, instead of the Origin,” which had been facing regulatory uncertainty because of its unique design. Barra also noted that per-unit costs will also be much lower for the Chevrolet Bolt, helping th ...
Hercules Capital (HTGC) Suffers a Larger Drop Than the General Market: Key Insights
ZACKS· 2024-07-23 23:20
In the latest market close, Hercules Capital (HTGC) reached $21.30, with a -0.75% movement compared to the previous day. This change lagged the S&P 500's 0.16% loss on the day. Meanwhile, the Dow experienced a drop of 0.14%, and the technology-dominated Nasdaq saw a decrease of 0.06%.Shares of the specialty finance company witnessed a gain of 6.29% over the previous month, beating the performance of the Finance sector with its loss of 1.47% and the S&P 500's gain of 1.96%.The investment community will be cl ...
GM(GM) - 2024 Q2 - Quarterly Report
2024-07-23 19:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34960 GENERAL MOTORS COMPANY (Exact name of registrant as specified in its charter) Delaware 27-0756180 (State or other jurisdiction of incorp ...
General Motors (GM) Q2 Earnings Top Estimates on GMNA Strength
ZACKS· 2024-07-23 16:30
General Motors (GM) reported second-quarter 2024 adjusted earnings of $3.06 per share, which surpassed the Zacks Consensus Estimate of $2.67. The bottom line also increased from the year-ago quarter’s level of $1.91. Solid results from the GMNA segment led to the outperformance. Revenues of $47.97 billion beat the Zacks Consensus Estimate of $44.94 billion and increased from $44.75 billion recorded in the year-ago period.The U.S. auto giant recorded adjusted earnings before interest and taxes (EBIT) of $4.4 ...
GM(GM) - 2024 Q2 - Earnings Call Transcript
2024-07-23 15:47
General Motors Company (NYSE:GM) Q2 2024 Earnings Conference Call July 23, 2024 8:30 AM ET Company Participants Ashish Kohli - Vice President, Investor Relations Mary Barra - Chair and Chief Executive Officer Paul Jacobson - Executive Vice President and Chief Financial Officer Dan Berce - President and Chief Executive Officer, GM Financial Conference Call Participants Dan Levy - Barclays Itay Michaeli - Citi Joseph Spak - UBS Daniel Roeska - Bernstein Research Ryan Brinkman - JPMorgan Dan Ives - Wedbush Joh ...
General Motors Q2 earnings beat overshadowed by EV, China concerns
Proactiveinvestors NA· 2024-07-23 15:36
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
GM Shares Dip 6% After Halting Cruise Self-Driving Cars
Forbes· 2024-07-23 15:34
ToplineShares of General Motors fell over 6% on Tuesday, pacing the company’s worst day in nearly a year after production of an autonomous vehicle from its self-driving unit Cruise was delayed indefinitely, after the car—which doesn’t have a steering wheel or pedals—faced years of delays, and Cruise endured scrutiny after a pedestrian was struck by another company car.A delay will lower costs and address “regulatory uncertainty” around the vehicle, the company said. Getty Images Key FactsGM shares dropped t ...
Here's Why General Motors (GM) is a Strong Momentum Stock
ZACKS· 2024-07-23 14:51
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Sc ...