GM Earnings and the Wisdomless Crowd

Jul.31.07 | About: General Motors (GM)

Hickey and Walters (Bespoke) submit: This morning GM reported Q2 earnings per share [EPS] which exceeded consensus forecasts by a wide margin ($2.29 vs. $1.10). A look at individual analyst EPS forecasts shows that in addition to the overall 'crowd' consensus, none of the forecasts were even close.

click to enlarge
GM