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Why GE HealthCare Technologies (GEHC) is a Top Stock for the Long-Term
Zacks Investment Research· 2024-02-14 15:31
Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.One of our most popular services, Zacks Premium offers daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All are useful tools to find what stocks to buy, what to sell, and what are today's hottest industries.It a ...
GE Healthcare (GEHC), MedQuest Partner to Boost Imaging Field
Zacks Investment Research· 2024-02-13 16:55
GE Healthcare (GEHC) and MedQuest Associates recently announced their collaboration to boost multi-site outpatient imaging networks.As a result of this three-year collaboration, GE Healthcare, with its innovative technologies along with MedQuest’s outpatient imaging facilities, is set to optimize imaging solutions and provide solutions to support Theranostics.Price PerformanceFor the past six months, GEHC’s shares have gained 15.8% against the industry’s decline of 0.9%. The S&P 500 increased 11.8% in the s ...
GE HealthCare and MedQuest Associates Collaborate to Provide Innovative Medical Device Technology and Digital Tools for Outpatient Imaging Centers
Businesswire· 2024-02-08 15:00
CHICAGO--(BUSINESS WIRE)--GE HealthCare (Nasdaq: GEHC), a leading global medical technology, pharmaceutical diagnostics, and digital solutions innovator, and MedQuest Associates (MedQuest), a leading owner, operator, and manager of outpatient diagnostic imaging facilities, today announced a three-year collaboration to deliver excellence in patient care by providing access to innovative technologies from GE HealthCare and the infrastructure and resources from MedQuest that are needed to optimize multi-site o ...
S&P 500 Gains and Losses Today: GE HealthCare Shares Soar After Strong Earnings
Investopedia· 2024-02-06 22:10
Key TakeawaysThe S&P 500 gained 0.2% on Tuesday, Feb. 6, 2024, as Federal Reserve officials struck a tone of cautious optimism and more companies released quarterly results.GE HealthCare shares soared as growth in imaging and patient care solutions helped drive strong earnings.Shares of FMC Corp. tumbled after the agriculture firm provided lackluster guidance, reflecting the impact of low sales volume and destocking issues.Major U.S. stock indexes posted moderate gains as more companies reported earnings re ...
GE HealthCare (GEHC) Q4 Earnings Beat, Volume & Price Improve
Zacks Investment Research· 2024-02-06 19:31
GE HealthCare (GEHC) reported fourth-quarter 2023 adjusted earnings per share (EPS) of $1.18, which beat the Zacks Consensus Estimate of $1.07 by 10.3%. The bottom line, however, declined 9.9% year over year.GAAP EPS in the quarter was 88 cents, down 27.3% from the year-ago quarter’s level.Revenue DetailsThis currently Zacks Rank #3 (Hold) company reported revenues of $5.2 billion, up 5% from the prior-year quarter’s recorded number, reportedly as well as organically. The growth was driven by an improvement ...
GE HealthCare Technologies (GEHC) - 2023 Q4 - Earnings Call Presentation
2024-02-06 17:09
Organic Revenue Growth*(1) 8% Approximately 4% Free Cash Flow* $1.7 billion ~$1.8 billion | --- | --- | --- | |-----------------------|-------|----------------------------------| | Adjusted EBIT Margin* | 15.1% | 15.6% - 15.9% 50 - 80 bps growth | | Adjusted ETR* 23.7% | | 23% - 25% | | Adjusted EPS* | $3.93 | $4.20 - $4.35 7% - 11% growth | © 2024 GE HealthCare. GE is a trademark of General Electric Company used under trademark license. 13 Investing in Digital for Future Growth Imaging Ultrasound Imaging A ...
GE HealthCare Technologies (GEHC) - 2023 Q4 - Earnings Call Transcript
2024-02-06 17:09
GE HealthCare Technologies Inc. (NASDAQ:GEHC) Q4 2023 Earnings Conference Call February 6, 2024 8:30 AM ET Company Participants Carolynne Borders - Chief Investor Relations Officer Peter Arduini - President and Chief Executive Officer Jay Saccaro - Vice President and Chief Financial Officer Conference Call Participants Craig Bijou - Bank of America Vijay Kumar - Evercore ISI Matt Taylor - Jefferies Larry Biegelsen - Wells Fargo Joanne Wuensch - Citi Graham Doyle - UBS Anthony Petrone - Mizuho Patrick Wood - ...
GE HealthCare Technologies stock surges on 4Q earnings beat
Proactive Investors· 2024-02-06 16:28
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 HealthCare (GEHC) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Zacks Investment Research· 2024-02-06 15:45
GE HealthCare Technologies (GEHC) reported $5.21 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 5.4%. EPS of $1.18 for the same period compares to $1.31 a year ago.The reported revenue represents a surprise of +2.21% over the Zacks Consensus Estimate of $5.09 billion. With the consensus EPS estimate being $1.07, the EPS surprise was +10.28%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compa ...
GE HealthCare Technologies (GEHC) Q4 Earnings and Revenues Surpass Estimates
Zacks Investment Research· 2024-02-06 13:46
GE HealthCare Technologies (GEHC) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $1.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.28%. A quarter ago, it was expected that this medical technology company would post earnings of $0.89 per share when it actually produced earnings of $0.99, delivering a surprise of 11.24%.Over the la ...