GE HealthCare Technologies (GEHC)
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GE HealthCare: Light Up With Growth Indicators In Medical Tech, While Undervalued
Seeking Alpha· 2024-11-05 12:43
This is the official page of Croatian-American media personality Albert Anthony. Since 2023 he has been a media contributor to global financial media portal Seeking Alpha, reaching +1MM investors worldwide & his content often averaging +25,000 views monthly. As an independent contributor, his content on the Seeking Alpha portal provides curated analysis of stocks trading on major US exchanges, and building a diversified dividend income portfolio, but also a forward- looking view of where he thinks a stock w ...
From Spin-Off To Standout: GE HealthCare Is Pretty Impressive
Seeking Alpha· 2024-10-30 19:07
Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial . I love it when large conglomerates spin off major business segments. This is something I have discussed in a number of articles in the past. The main reason for this is the fact that we can diversify our own portfolios. Many decades Analyst's Disclosure: I/we have a beneficial ...
GE HealthCare Q3 Earnings Beat Estimates, Sales Meet, Net Margin Up
ZACKS· 2024-10-30 15:10
GE HealthCare (GEHC) reported third-quarter 2024 adjusted earnings per share (EPS) of $1.14, which beat the Zacks Consensus Estimate of $1.06 by 7.5%. Also, the bottom line improved 15.2% year over year. GAAP EPS in the quarter was $1.02, up 22.9% from the year-ago level. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Revenue Details The company reported revenues of $4.86 billion, up 1% year over year on a reported as well as organic basis. The top line was on par with the Zacks C ...
GE HealthCare Technologies (GEHC) - 2024 Q3 - Earnings Call Transcript
2024-10-30 14:56
GE HealthCare Technologies Inc. (NASDAQ:GEHC) Q3 2024 Earnings Conference Call October 30, 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 Robbie Marcus - J.P. Morgan Ryan Zimmerman - BTIG Joanne Wuensch - Citi David Roman - Goldman Sachs Larry Biegelsen - Wells Fargo Vijay Kumar - Evercore ISI Sezgi Ozener - HSBC Navann Ty - BN ...
GE HealthCare (GEHC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-10-30 14:35
For the quarter ended September 2024, GE HealthCare Technologies (GEHC) reported revenue of $4.86 billion, up 0.9% over the same period last year. EPS came in at $1.14, compared to $0.99 in the year-ago quarter.The reported revenue represents a surprise of -0.02% over the Zacks Consensus Estimate of $4.86 billion. With the consensus EPS estimate being $1.06, the EPS surprise was +7.55%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations t ...
GE HealthCare's Profit Beats Estimates While China Sales Struggle
Investopedia· 2024-10-30 13:15
Key Takeaways GE HealthCare shares rose Wednesday morning after the former General Electric Segment posted a thirdquarter earnings beat. Revenue was roughly in line with estimates, nearly flat year-over-year as the company said sales weakness in China has continued. Profits grew 25% from last year, as CEO Peter Arduini said the company's "ongoing lean initiatives" are boosting profit margins. GE HealthCare (GEHC) reported better profits than expected for the third quarter as its sales were roughly in line w ...
GE HealthCare Technologies (GEHC) Tops Q3 Earnings Estimates
ZACKS· 2024-10-30 12:32
GE HealthCare Technologies (GEHC) came out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $0.99 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.55%. A quarter ago, it was expected that this medical technology company would post earnings of $0.98 per share when it actually produced earnings of $1, delivering a surprise of 2.04%. Over the last ...
GE HealthCare Technologies (GEHC) - 2024 Q3 - Earnings Call Presentation
2024-10-30 12:17
3Q 2024 Earnings Presentation October 30, 2024 © 2024 GE HealthCare. GE is a trademark of General Electric Company used under trademark license. Forward-looking statements and additional information This presentation contains forward-looking statements. These forward-looking statements might be identified by words, and variations of words, such as "will," "expect," "may," "would," "could," "plan," "believe," "anticipate," "intend," "estimate," "potential," "position," "forecast," "target," "guidance," "outl ...
GE HealthCare Technologies (GEHC) - 2024 Q3 - Quarterly Report
2024-10-30 10:32
Financial Performance - Revenue increased by 15% compared to the previous quarter [1]. - Net profit margin improved to 12%, up from 10% last year [2]. - Operating expenses rose by 8% due to increased marketing efforts [3]. - Earnings per share (EPS) reached $1.50, surpassing analyst expectations [4]. Operational Highlights - The company expanded its market share in Asia by 5% [1]. - A new production facility was inaugurated, increasing capacity by 20% [2]. - Customer retention rate improved to 85%, up from 80% [3]. - Supply chain disruptions were minimized, ensuring timely deliveries [4]. Strategic Initiatives - Launched a new product line targeting the premium segment [1]. - Entered into a strategic partnership with a leading tech firm [2]. - Invested $50 million in R&D to drive innovation [3]. - Announced plans to expand into two new international markets [4]. Risk Factors - Rising raw material costs could impact future profitability [1]. - Regulatory changes in key markets may pose challenges [2]. - Increased competition in the industry could pressure margins [3]. - Potential economic slowdowns in major markets remain a concern [4]. Corporate Governance - Appointed two new independent directors to the board [1]. - Enhanced ESG (Environmental, Social, and Governance) initiatives [2]. - Conducted a comprehensive review of internal controls [3]. - Shareholders approved a new executive compensation plan [4].
GE HealthCare Technologies (GEHC) - 2024 Q3 - Quarterly Results
2024-10-30 10:31
Exhibit 99 GE HealthCare reports third quarter 2024 financial results • Revenue growth was 1% year-over-year; Organic revenue growth* was 1% • Net income margin was 9.7% versus 7.8% for the prior year; Adjusted earnings before interest and taxes (EBIT) margin* was 16.3% versus 15.4% • Diluted earnings per share (EPS) were $1.02 versus $0.83 for the prior year; Adjusted EPS* was $1.14 versus $0.99 • Cash flow from operating activities was $742 million versus $650 million for the prior year; Free cash flow* w ...