GE AEROSPACE ANNOUNCES THIRD QUARTER 2024 RESULTS Delivers significant earnings growth and cash, raises full year guidance Third quarter 2024: • Total orders of $12.6B, +28% • Total revenue (GAAP) of $9.8B, +6%; adjusted revenue* $8.9B, +6% • Profit (GAAP) of $1.9B, Favorable; operating profit* $1.8B, +14% • Profit margin (GAAP) of 19.2%, +1,560 bps; operating profit margin* 20.3%, +150 bps • Continuing EPS (GAAP) of $1.56, Favorable; adjusted EPS* $1.15, +25% • Cash from Operating Activities (GAAP) of $1.9 ...

A sign for GE Aerospace at the Farnborough International Airshow in Hampshire. Picture date: Monday ... [+] July 22, 2024. (Photo by Jonathan Brady/PA Images via Getty Images)PA Images via Getty ImagesGE Aerospace (NYSE: GE) is scheduled to report its Q3 2024 results on Tuesday, October 22. We expect the company to post mixed results, with revenue of $9.1 billion and earnings of $1.10 per share, compared to the consensus estimates of $9.0 billion and $1.14, respectively. The company is expected to benefit f ...

Key TakeawaysGE Aerospace reports earnings Tuesday morning amid an uncertain time for the aerospace industry with Boeing workers on strike.GE shares have surged since General Electric completed its split into three publicly traded companies.Analysts are bullish on GE Aerospace's outlook, with several raising their price targets for GE stock in recent weeks. GE Aerospace (GE) will report earnings for the third quarter Tuesday morning, at a time when the aerospace industry faces some uncertainty with Boeing ( ...

GE Aerospace (GE) is scheduled to report third-quarter 2024 results on Oct. 22, before market open.The Zacks Consensus Estimate for its third-quarter earnings has increased 1.8% in the past 60 days. The company has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average surprise being 26.7%. Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Let’s see how things have shaped up for GE Aerospace this earnings s ...

General Electric (GE) Stock Performance - Between 12/31/17 and 8/19/20, GE stock decreased from $17.45 to $6.43, representing a 63.1% decline [1] Analyst's Perspective on GE - The analyst published 17 bearish articles on GE during the period from 12/31/17 to 8/19/20 [1] - The significant stock price decline during this period validated the analyst's negative view of GE [1] Note: The content does not provide sufficient information about the company or industry beyond the stock performance and analyst's perspective Therefore, only these key points are summarized based on the available data

The last several months have been quite positive for shareholders of GE Aerospace (NYSE: GE ). Since I last wrote about the company in an article published in July of this year, shares areCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms, and live chat dis ...

LOS ANGELES, Oct. 10, 2024 (GLOBE NEWSWIRE) -- CyberSecurity Breakthrough, a leading independent market intelligence organization that recognizes the top companies, technologies and products in the global information security market, today announced that GE Appliances, a Haier company, has been selected as winner of the “Consumer Cybersecurity Solution of the Year” in the 8th annual CyberSecurity Breakthrough Awards program. The 2024 CyberSecurity Breakthrough Award recognizes GE Appliances’ SmartHQ™ connec ...

Core Viewpoint - General Electric has undergone significant restructuring, resulting in the formation of GE Aerospace, which is now considered an attractive investment opportunity due to its strong market position and growth potential [1]. Company Overview - General Electric was once a large conglomerate with interests in various sectors, including finance and media, but faced challenges during the Great Recession, leading to a strategic shift towards its industrial roots [2]. - The leadership transition to Larry Culp marked a pivotal moment, focusing on a corporate breakup that resulted in the establishment of GE Aerospace, GE Vernova, and GE HealthCare Technologies [3]. Market Position and Growth Potential - GE Aerospace serves two primary markets: consumer air carriers and the military and defense sector, both of which are expected to experience significant growth [4]. - The recent quarter showed strong performance with an 18% year-over-year increase in orders and a 4% rise in revenue, alongside a 560 basis point improvement in profit margins, indicating customer confidence in GE Aerospace [5]. - The defense segment has a backlog of nearly $17 billion, ensuring sustained business activity, while the commercial aviation sector is projected to benefit from long-term growth in air travel, with an expected annualized passenger growth rate of nearly 4% through 2043 [5][6]. Investment Considerations - Despite the positive outlook for GE Aerospace, the stock price has more than doubled in the past year, leading to a high price-to-earnings ratio of around 50, compared to the industry average of approximately 32 [7]. - While GE Aerospace is well-positioned for future growth, it may be prudent to monitor the stock for a more favorable entry point during potential market downturns [7].

Overview of the Recent Transaction On September 30, 2024, Vanguard Group Inc, a prominent investment firm, expanded its portfolio by acquiring an additional 601,784 shares of GE Vernova Inc (GEV, Financial), a leader in the electric power industry. This transaction increased Vanguard's total holdings in GE Vernova to 27,499,067 shares, reflecting a significant commitment to the company. The shares were purchased at a price of $254.98 each, marking a strategic addition to Vanguard’s diverse investment portfo ...

CHINA - 2024/07/27: In this photo illustration, General Electric logo is displayed on a smartphone ... [+] with a laptop keyboard background. (Photo Illustration by Serene Lee/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesGeneral Electric stock (NYSE: GE) has had a solid run, rising more than 2x in the last twelve months from levels of about $90 per share in September 2023 to $190 now, led by its solid business fundamentals and its steady growth in Aerospace revenues. Ther ...