General Motors Company (GM) is a global automotive company headquartered in Detroit, Michigan. Founded in 1908, GM manufactures and sells vehicles under its Chevrolet, Buick, GMC, and Cadillac brands, offering gasoline-powered vehicles, electric vehicles (EVs), and advanced driver-assistance technologies. The company also operates GM Financial, its captive financing business. General Motors has a market cap of around $69.6 billion.
The company is scheduled to announce its fiscal Q3 earnings for 2026 before the market opens on Tuesday, Oct. 20. Ahead of this event, analysts expect this auto manufacturer to report a profit of $3.41 per share, up 21.8% from $2.80 per share in the year-ago quarter. Notably, the company has topped Wall Street’s earnings estimates in each of the last four quarters.
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For the current fiscal year, ending in December, analysts expect GM to report a profit of $13.40 per share, representing a 26.4% increase from $10.60 per share in fiscal 2025. Its EPS is expected to further grow 10.2% year-over-year (YOY) to $14.76 in fiscal 2027.
www.barchart.com GM has rallied 26.3% over the past 52 weeks, notably outpacing both the S&P 500 Index’s ($SPX) 14.4% return and the State Street Consumer Discretionary Select Sector SPDR ETF’s (XLY) 9.2% decline over the same time period.
www.barchart.com General Motors released its second-quarter 2026 results on Jul. 21. GM reported revenue of $48 billion, up 1.9% YOY. This marked GM’s return to revenue growth after four quarters of YOY declines. Adjusted EPS increased 41.3% to $3.57 from $2.53 a year earlier. The company also raised full-year 2026 adjusted EPS guidance to $12-$14 from $11.50-$13.50.
The stock responded positively. GM shares rose 4.9% on Jul. 21, the day of the earnings release, closing at $79.52. The rally continued the following session, with shares gaining another 3.3% on July 22.
Wall Street analysts are highly optimistic about GM’s stock, with a “Strong Buy” rating overall. Among 25 analysts covering the stock, 18 recommend “Strong Buy,” two advise “Moderate Buy,” and five suggest “Hold.” The mean price target for GM is $101.58, indicating a 31.9% potential upside from the current levels.
On the date of publication, Subhasree Kar did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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