PREVIEW: General Motors shares reverse; Wall St sees Q3 rev, EPS rising
** Shares in General Motors GM.N down 0.5% on Monday in last session ahead of third-quarter report due early before market open on Tuesday
** Wall Street sees the automaker reporting Q3 adj EPS of $2.43 vs $2.28 in year-ago quarter on rev of $44.59 bln, which would be up 1% y/y, according to latest data from LSEG
** In last 8 quarters, GM soundly beat EPS consensus estimate from Wall Street while rev beat estimates 7 times
** However, GM and rival Ford Motor F.N seeing having trouble convincing investors when they report results that Detroit's pricing power for gasoline cars is strong and that losses from their EV ventures are dwindling
**YTD shares in GM up ~36% vs a gain of ~12% for S&P 500 consumer discretionary sector index .SPLRCD
** GM shares last traded around $48.94 vs median PT of $54 as per LSEG, which shows 19 analyst ratings: 5 'strong buy,' 10 'buy,' 11 'hold' and 3 'sell' ratings
(Reporting By Sinéad Carew)
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