Company Update: General Motors Company (NYSE:GM) – S&P 500 companies start facing up to the potential Brexit costs

[Reuters – UK Focus] – Companies from General Motors (NYSE: GM – news) to Yum Brands (Swiss: YUM.SW – news) to FedEx (Swiss: FDX.SW – news) say they do expect a hit, though it is too soon to tell how deep it may be or when it will come. Wall Street investors were originally rattled by the Brexit vote and independent analysts have suggested it could cost U.S. companies billions of dollars in earnings due both to currency factors and also to lost sales in Europe. On Thursday, GM said it was considering cost cuts in Europe to offset up to $400 million of potential headwinds triggered by Brexit. Read more on this. , with a current value of $irecting to http://finance.ya, ended session yesterday at $. A quick look at the market, the company’s stock traded between $ and has traded between $ over the past year. Priced at x this year’s forecasted earnings, GM shares are relatively inexpensive compared to the industry’s x forward p/e ratio. Consensus earnings for the current quarter by the 0 sell-side analysts covering the stock is an estimate of $ per share, which would be $0.00 worse than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $ would be a $0.00 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $0.00 . If reported, that would be a 0.00% decrease over the year-ago quarter. More recently, d GM from to (/f). Previously, d GM from to . Given all the information above, we should disclose to readers that the average price target is $, which is 0.00% below than it opened this morning. See more in (NYSE:GM) Similar Articles: Company Update: General Motors Company (NYSE:GM) – GM SUV compensation program will cost about $100 million: source Company Update: General Motors Company (NYSE:GM) – UK carmakers benefit from Brexit jitters, but most urge staying in EU Stock Update: General Motors Company (NYSE:GM) – General Motors reports higher February sales in Canada