Core Viewpoint - GE Aerospace shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][2]. Earnings Estimate Revisions - Analysts' optimism regarding GE's earnings prospects is leading to higher estimates, which is expected to positively impact the stock price [2]. - For the current quarter, GE is projected to earn $1.45 per share, reflecting a year-over-year increase of +26.1%. Over the last 30 days, two estimates have been revised upward, resulting in a 6.18% increase in the Zacks Consensus Estimate [5]. - For the full year, GE is expected to earn $5.87 per share, indicating a year-over-year change of +27.6%. In the past month, six estimates have been raised, pushing the consensus estimate up by 6.52% [6][7]. Zacks Rank - GE currently holds a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which is a reliable indicator for investors to make informed decisions [8]. - Historically, stocks with a Zacks Rank 1 have generated an average annual return of +25% since 2008, indicating strong performance potential [3][8]. Stock Performance - GE's stock has increased by 5.1% over the past four weeks, driven by strong estimate revisions, suggesting that there may still be further upside potential [9].
Why GE (GE) Might be Well Poised for a Surge