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Spinoff Speed Demons: How Much Further Can These 3 Stocks Run?
investorplace.com· 2024-05-27 01:58
Despite being unwanted and unloved, spinoff stocks are often excellent stocks to buy and hold. Since investors bought shares in the parent company, they are often not interested in the business. This is especially true when they receive shares of the spinoff. They sell the stock, depressing shares. Other times the parent company will weigh down a spinoff with debt. It makes its balance sheet look better while the newly independent company struggles to pay off its loans. Before BorgWarner (NYSE:BWA) spun off ...
GE HealthCare Technologies Inc. (GEHC) is Attracting Investor Attention: Here is What You Should Know
zacks.com· 2024-05-21 14:01
GE HealthCare Technologies (GEHC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this medical technology company have returned -3% over the past month versus the Zacks S&P 500 composite's +7.1% change. The Zacks Medical Info Systems industry, to which GE HealthCare belongs, has lost 4.6% over this period. Now the key question is: Where could the stock b ...
GE HealthCare (GEHC), Medis Medical Partner to Aid CAD Therapy
Zacks Investment Research· 2024-05-15 17:10
GE HealthCare Technologies Inc. (GEHC) and Medis Medical Imaging recently announced their collaboration, which is intended for the the process of advancing precision care for coronary artery disease (CAD) diagnosis and therapy.The two businesses are set to advance the research and development of Medis Quantitative Flow Ratio (Medis QFR), a non-invasive method for evaluating coronary physiology, as part of GE HealthCare's interventional cardiology portfolio centered on the Allia Platform. The partnership aim ...
GE HealthCare Technologies Inc. (GEHC) Is a Trending Stock: Facts to Know Before Betting on It
Zacks Investment Research· 2024-05-10 14:01
GE HealthCare Technologies (GEHC) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this medical technology company have returned -6.2% over the past month versus the Zacks S&P 500 composite's +0.2% change. The Zacks Medical Info Systems industry, to which GE HealthCare belongs, has lost 10.2% over this period. Now the key question is: Where could the stock be headed in ...
GE HealthCare (GEHC) Unveils Head-Only MR Scanner SIGNA MAGNUS
Zacks Investment Research· 2024-05-07 13:21
GE Healthcare (GEHC) recently announced the introduction of its head-only MR scanner, SIGNA MAGNUS, which is designed to revolutionize neuroscience research. The system addresses the limitations of whole-body MR scanners, promising to propel advancements in neurology, oncology and psychiatry.This high-performance head-only MR scanner is designed to overcome the limitations of conventional whole-body MR systems, particularly in the realm of neuroscience. With its innovative design and advanced technology, SI ...
S&P 500 Gains and Losses Today: GE HealthCare Stock Plunges After Earnings Miss
Investopedia· 2024-04-30 21:01
Key TakeawaysThe S&P 500 dropped 1.6% on Tuesday, April 30, 2024, cementing its first monthly loss of the year as data on wage growth reignited inflation concerns.GE HealthCare Technologies fell short of quarterly sales and profit estimates, and sales of the medical device maker tumbled.Leidos shares took off after the aviation and defense technology firm topped first-quarter estimates and boosted its guidance. Major U.S. equities indexes tumbled after a report from the Bureau of Labor Statistics showed a h ...
Why GE HealthCare Technologies Stock Just Crashed 14%
The Motley Fool· 2024-04-30 18:24
On balance, this stock seems no great bargain.GE HealthCare Technologies (GEHC -13.37%), one-third of the industrial behemoth that used to be General Electric, saw its shares crater 13.7% through 1:30 p.m. ET after reporting a narrow earnings miss Tuesday.Heading into earnings, analysts forecast GE HealthCare would earn $0.91 per share (adjusted for one-time items) on $4.8 billion in the first quarter of 2024 sales. Instead, the company reported a $0.90 per-share profit and sales of $4.6 billion. GE HealthC ...
GE HealthCare (GEHC) Q1 Earnings In Line, Sales Volume Decline
Zacks Investment Research· 2024-04-30 17:41
GE HealthCare (GEHC) reported first-quarter 2024 adjusted earnings per share (EPS) of 90 cents, which aligned with the Zacks Consensus Estimate. However, the bottom line improved 5.9% year over year.GAAP EPS in the quarter was 81 cents, up 97.6% from the year-ago quarter’s level.Revenue DetailsThis Zacks Rank #3 (Hold) company reported revenues of $4.7 billion, down 1.3%, on a reported basis from the prior-year quarter’s recorded number and flat, organically. The decrease in sale volumes was partially offse ...
GE HealthCare Technologies (GEHC) - 2024 Q1 - Earnings Call Transcript
2024-04-30 17:31
Company Participants Suraj Kalia - Oppenheimer Edward Ridley-Day - Redburn Atlantic Sezgi Ozener - HSBC Craig Bijou - Bank of America Larry Biegelsen - Wells Fargo Ryan Zimmerman - BTIG Graham Doyle - UBS Matt Taylor - Jefferies I will now turn the conference over to your speaker host, Carolynne Borders, Chief Investor Relations Officer. Please go ahead. Our conference call remarks will include both GAAP and non-GAAP financial results. Reconciliations between GAAP and non-GAAP measures can be found in today ...
GE HealthCare (GEHC) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-04-30 14:35
For the quarter ended March 2024, GE HealthCare Technologies (GEHC) reported revenue of $4.65 billion, down 1.2% over the same period last year. EPS came in at $0.90, compared to $0.85 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $4.81 billion, representing a surprise of -3.33%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.90.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...