GM Reports Strong Second-Quarter 2021 Results

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Citi Defends General Motors (GM), Stock Reaction 'Appears Excessive'

August 4, 2021 3:50 PM EDT

Citi analyst Itay Michaeli reiterated a Buy rating and $90.00 price target on General Motors (NYSE: GM) following results and the sell-off in the stock. The analyst said the stock reaction "appears excessive."

The analyst commented, "While the Q2 messaging clearly couldve been better, our... More

General Motors (GM) Tops Q2 EPS by 63c, Offers Guidance

August 4, 2021 7:31 AM EDT

General Motors (NYSE: GM) reported Q2 EPS of $1.97, $0.63 better than the analyst estimate of $1.34. Revenue for the quarter came in at $34.2 billion versus the consensus estimate of $29.11 billion.

GUIDANCE:

General Motors sees FY2021 EPS of $5.40-$6.40, versus the consensus of $6.42.

Full-year... More