General Motors Company (NYSE:GM) is Set to Pop TodayAuthor: Victor AlagbeLast Updated: March 12, 2020 General Motors Co reported its second quarter (Q2 2015) earnings result earlier this morning and the market is wildly impressed. As at 9:00AM EDT today, the shares of General Motors have gained an impressive 7.56% in pre-market trading to a trading price of $32.58. The stock might even open for trading somewhere around $33 for trading in today’s session.The almost 8% gain in pre-market trading contrasts sharply against the 0.03% that saw the shares of General Motors closing at $30.29 yesterday. The stock has lost 19.8% in its trading price in the last one year. It has lost 13.2% in the year-to-date period. It has lost 18.5% in the last 3 months, it has lost 16.3% in the last one month, and it has lost 3.66% in the last 5 trading sessions. Nonetheless, GM is still attractively valued despite the downtrend in its share price in the last couple of months.Why Shares of General Motors Might Soar TodayThe shares of General Motors might soar in today’s session and possibly in the rest of this week. The potential gains in the stock can be traced to the quality of the firm’s second quarter results. Highlights of Q2 results are presented below:Earnings: GM reported earnings of $1.29 per share to beat the consensus estimate of $1.08 per share by 19.4%. The reported earnings also marks a 122.4% year-over-year gain from earnings of $0.58 from the same quarter in 2014Revenue: GM reported revenue of $38.2B below the consensus estimate of $40.62B. The reported revenue also marks a 3.5% drop from the revenue of $39.6B that was reported in Q2 2014. The firm has opined that the drop in revenue can be traced to currency headwinds.Regional: North America achieves quarterly records for EBIT-adjusted of $2.8B and EBIT-adjusted margin of 10.5%. GM Europe reported EBIT-adjusted of $(0.0) billion. This compares with EBIT-adjusted of $(0.3) billion in the second quarter of 2014, which included $0.2B for restructuring costs.Verdict Based on GM EarningsThe impressive second quarter results that General Motors posted shows that the firm is succeeding in its mission to get back on track to profitability. Quoting GM CEO Mary Barra, “We said our goal was to improve our earnings and margins this year, and we are on-plan”.She went on to say, “The first two quarters of the year were strong as we fully capitalized on a robust North American industry and maintained our strength in China, despite the challenging conditions in that market”. The good times are back for General Motors and this is a great time to ride the bullish wave on the stock all the way to the top.