The slowdown in deliveries at Boeing is good news from a near-term profit perspective at its engine supplier. It will also lead to more aftermarket revenue from its legacy engines.GE Aerospace (GE 0.68%) has delivered stellar returns for investors, but is the party over now?Putting aside the stock chart, GE trades on slightly more than 40 times the midpoint of management's earnings guidance for 2024, making it look expensive on a near-term earnings basis. As such, is there still a case for buying the stock? ...

The aerospace company's broad-based exposure to the commercial aerospace markets means it can benefit from various end-market conditions.GE Aerospace (GE 0.89%) received a slew of upgrades following its first-quarter earnings report, including one from Bank of America analyst Ronald Epstein, who raised the price target to $180 from $165 while maintaining a buy rating.The target represents a 14% upside from the current price. According to The Fly, it reflects GE's "unique portfolio" of assets, including narr ...

(Photo by Jaap Arriens/NurPhoto via Getty Images)NurPhoto via Getty ImagesOn April 23, 2024, GE Aerospace (NYSE: GE, $161.26, Market Capitalization: $176.5 billion) reported robust 1Q24 results, with a strong beat on EPS versus consensus. It should be noted that as GE Vernova was spun off from GE on April 2, and Vernova remained a part of the consolidated company for 1Q24. The company released consolidated results for General Electric General Electric on 4/23 for 1Q24, while GE Vernova’s results were decla ...

On April 25th, less than one month after becoming an official company, General Electric Vernova reported its first-ever financial results.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Unfortunately, in the quarter, GE Vernova orders of $9.7 billion were mostly flat, down 1% organically. Net income came in at a loss of $0.1 billion. However, revenue of $7.3 billion was up 6%, or 5% organically, driven by electrification and power.Services revenue gr ...

Key PointsGE stock is up 3.47% after a bullish earnings report.  The report will be the last one that includes GE Vernova; going forward, the GE ticker symbol will be exclusively for GE Aerospace. The report could change analysts' sentiments that GE stock is priced for perfection. 5 stocks we like better than GE VernovaGeneral Electric NYSE: GE stock is up 3.47% in early trading after the company delivered its first-quarter earnings report. The company delivered revenue of $16.1 billion and earnings per sha ...

GE Aerospace (GE) reported first-quarter 2024 results, wherein earnings surpassed the Zacks Consensus Estimate but revenues missed the same.In April 2024, GE Aerospace emerged as a separate public company, following the spin-off of GE Vernova Inc. (GEV) from General Electric. Notably, GE Aerospace’s first-quarter results include the performance of GE Vernova, as the spin-off was completed after first-quarter-end.Inside the HeadlinesIn the quarter under discussion, the company’s adjusted earnings came in at ...

Key TakeawaysGE Aerospace shares jumped higher Tuesday after the company released its first earnings report as a standalone company.General Electric completed its split into three separate companies earlier this month.GE Aerospace reported revenue in line with analyst estimates while profit beat expectations, and raised its projected range for full-year operating profit in Tuesday's report. GE Aerospace (GE) shares surged over 7% in intraday trading Tuesday after it reported its first earnings as a standalo ...

GE Electric Company (NYSE:GE) Q1 2024 Earnings Conference Call April 23, 2024 7:30 AM ET Company Participants Steve Winoker – Vice President-Investor Relations Larry Culp – Chairman and Chief Executive Officer Rahul Ghai – Chief Financial Officer Conference Call Participants David Strauss – Barclays Ron Epstein – Bank of America Sheila Kahyaoglu – Jefferies Myles Walton – Wolfe Research Robert Stallard – Vertical Research Seth Seifman – JPMorgan Ken Herbert – RBC Capital Markets Gautam Khanna – TD Cowen Sco ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

GE Aerospace first quarter 2024 performance Financial results & company highlights April 23, 2024 Caution concerning forward-looking statements: This document contains "forward-looking statements" – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. For details on the uncertainties that may cause our actual future results to be materially different than those expressed in our forward-looking statements, see www.geaerospace.com/investo ...