Dissecting GM's Q1 tally


General Motors (GM +0.9%) could show a slight loss in Q1 as it takes on a massive hit from costs tied to the ignition switch recall.

The consensus estimate of analysts is for adjusted EPS of $0.06 vs. $0.54 pre-recall and $0.67 a year ago, but a few firms such as Barclays have GM in the red for the period.

The automaker's Q1 EPS could also feel a drag from foreign currencies and extra costs from a broad roll-out of new trucks, while solid pricing trends in North America are working in its favor.

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Comments (3)
  • funfundvierzig
    , contributor
    Comments (4671) | Send Message
     
    Ensuing quarters will see GM Senior Management and under-staffers focussed intensely on fighting off litigation on numerous fronts, tort and shareholders lawsuits, as well as federal and state regulators pressing forward with penetrating investigations. What else is being covered up, fraudulently or criminally? What other costly recalls will tumble forth in response to outside forces?

     

    Ren Cen in Detroit will be effectively transformed into a huge law firm. GM execs will not be concentrating on coming up with new models and advanced technologies to meet the fierce competition. They will be in constant consultation with attorneys, in-house and outside, as well as high-price public relations operators and IMAGE-fabricators.

     

    To quote poet Walter Scott:

     

    "Oh, what a tangled web we weave,
    When first we practice to deceive…"

     

    Merely the viewpoint of one individual investor…funfun..
    23 Apr 2014, 02:39 PM Reply Like
  • Budavar
    , contributor
    Comments (1410) | Send Message
     
    Thanks for the funfun quote! Touche!

     

    Can you find a quote lampooning a stock which keeps creeping up with each wave of bad news?
    23 Apr 2014, 05:37 PM Reply Like
  • Budavar
    , contributor
    Comments (1410) | Send Message
     
    "Solid pricing trends in North America."

     

    Really?

     

    What I see on my TV screen is record level of bonuses, discounts + other incentives offered by GM dealers.
    23 Apr 2014, 05:40 PM Reply Like
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