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 ...

Core Viewpoint - General Electric (GE) stock has experienced significant growth, more than doubling from approximately $90 per share in September 2023 to $190 currently, driven by strong business fundamentals and growth in Aerospace revenues [1] Financial Performance - GE's net income saw a turnaround in fiscal 2023, increasing by approximately 45% after years of restructuring, with expectations for earnings growth exceeding 40% annually in the coming years [2] - Revenue growth combined with margin expansion could lead to a 40% increase in net earnings over the next few years, potentially allowing earnings to double [4] Stock Valuation and Potential - At current price levels, GE stock appears fairly valued, but there is potential for the stock to rally another 2x in the next few years, with projections suggesting it could reach nearly $400 per share [2] - If earnings double, the price-to-earnings (P/E) multiple could remain at around 45x, rather than shrinking, supporting the possibility of a significant stock price increase [4] Market Comparison - GE stock performance has been volatile compared to the S&P 500, with returns of 10% in 2021, -11% in 2022, and 94% in 2023, indicating challenges in consistently outperforming the index [3] - The Trefis High Quality Portfolio has outperformed the S&P 500 consistently, suggesting that GE may face challenges in maintaining strong performance in the current uncertain macroeconomic environment [3] Future Outlook - The timeline for GE stock potentially doubling could be within the next twelve months, contingent on continued revenue and earnings expansion with improving margins [5]

Group 1 - The consensus price target for GE Aerospace is $168.36 based on the ratings of 26 analysts [1] - The highest price target is $235 issued by Deutsche Bank on October 3, 2024, while the lowest is $72 from Wells Fargo on July 13, 2022 [1] - The three most recent analyst ratings were released by Deutsche Bank (twice) and Bernstein, with an average price target of $216, indicating a potential upside of 15.89% for GE Aerospace [1]