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A Glimpse of GE Aero's Earnings Potential

GE Aero (NYSE:GE) is preparing to release its quarterly earnings on Tuesday, 2024-10-22. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect GE Aero to report an earnings per share (EPS) of $1.11.

Anticipation surrounds GE Aero's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Earnings Track Record

During the last quarter, the company reported an EPS beat by $0.22, leading to a 5.64% drop in the share price on the subsequent day.

Here's a look at GE Aero's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.98

0.65

0.90

0.56

EPS Actual

1.20

0.82

1.03

0.82

Price Change %

-6.0%

-2.0%

-0.0%

-2.0%

Tracking GE Aero's Stock Performance

Shares of GE Aero were trading at $192.61 as of October 18. Over the last 52-week period, shares are up 113.0%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Views on GE Aero

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on GE Aero.

A total of 8 analyst ratings have been received for GE Aero, with the consensus rating being Outperform. The average one-year price target stands at $210.5, suggesting ...