Core Viewpoint - GE Aerospace has been trending in stock searches, with a recent performance of +4.1% over the past month, compared to +5.9% for the S&P 500 and +4.7% for the Aerospace - Defense industry, raising questions about its near-term stock direction [1] Earnings Estimates Revisions - The current quarter's earnings estimate for GE is $1.42 per share, reflecting a +23.5% change year-over-year, with a +4.3% increase in the Zacks Consensus Estimate over the last 30 days [4] - The consensus earnings estimate for the current fiscal year is $5.77, indicating a +25.4% year-over-year change, with a +5.9% adjustment in the last month [4] - For the next fiscal year, the consensus estimate is $6.72, showing a +16.5% change from the previous year, with a +4.1% revision over the past month [5] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $10.29 billion, indicating a +15.1% year-over-year change [10] - For the current fiscal year, the sales estimate is $40.52 billion, reflecting a -4.1% change, while the next fiscal year's estimate is $44.32 billion, indicating a +9.4% change [10] Last Reported Results and Surprise History - In the last reported quarter, GE's revenues were $10.15 billion, a +23.4% year-over-year increase, with an EPS of $1.66 compared to $1.20 a year ago [11] - The company exceeded the Zacks Consensus Estimate for revenues by +5.11% and for EPS by +16.08% [11] - GE has beaten consensus EPS estimates in the last four quarters and topped revenue estimates three times during this period [12] Valuation - GE is rated F in the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [16] - Valuation multiples such as P/E, P/S, and P/CF are essential for assessing whether GE's stock is overvalued, fairly valued, or undervalued [14][15] Conclusion - The Zacks Rank 1 suggests that GE may outperform the broader market in the near term, despite its current valuation concerns [17]
Investors Heavily Search GE Aerospace (GE): Here is What You Need to Know