Core Viewpoint - GE Aerospace has shown a strong stock performance recently, returning +9% over the past month, outperforming the S&P 500's +3.9% and the Zacks Aerospace - Defense industry's +4.9% [1] Earnings Estimates - For the current quarter, GE is expected to post earnings of $1.45 per share, reflecting a +26.1% change from the previous year, with the consensus estimate remaining unchanged over the last 30 days [4] - The consensus earnings estimate for the current fiscal year is $5.87, indicating a +27.6% change from the prior year, also unchanged over the last 30 days [4] - For the next fiscal year, the consensus estimate is $6.92, showing a +17.9% change from the expected report a year ago, with no changes in the estimate over the past month [5] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $10.28 billion, indicating a +14.9% year-over-year change [10] - For the current fiscal year, the sales estimate is $40.38 billion, reflecting a -4.4% change, while the next fiscal year's estimate is $44.82 billion, indicating a +11% change [10] Last Reported Results and Surprise History - GE reported revenues of $10.15 billion in the last quarter, a +23.4% year-over-year change, with an EPS of $1.66 compared to $1.20 a year ago [11] - The reported revenues exceeded the Zacks Consensus Estimate of $9.66 billion by +5.11%, and the EPS surprise was +16.08% [11] - The company has consistently beaten consensus EPS estimates in the last four quarters and topped revenue estimates three times during this period [12] Valuation - GE's valuation metrics indicate that it is trading at a premium to its peers, receiving a Zacks Value Style Score of D, suggesting it may be overvalued [16]
Here is What to Know Beyond Why GE Aerospace (GE) is a Trending Stock