General Electric Company (GE - Free Report) currently seems to be a smart choice for investors seeking exposure in the multi-sector space. Solid fundamentals and positive revision in earnings estimates are reflective of healthy growth potential of the stock.
This Boston, MA-based company currently sports a Zacks Rank #1 (Strong Buy). It belongs to the Zacks Diversified Operations industry, currently placed in the top 29% (with Zacks Industry Rank #73) of more than 250 Zacks industries. Notably, the top 50% of the Zacks-ranked industries tend to outperform the bottom 50% by a factor of more than 2 to 1.
You can see the complete list of today’s Zacks #1 Rank stocks here.
We believe that improving operations in the oil and gas industry, rising global demand for air travel, demand from defense and governmental fronts, technological upgrade in manufacturing processes, and infrastructure development are aiding multi-sector companies.
Below we discussed why investing in General Electric will be a smart choice.
Share Price Performance, Impressive Earnings Outlook: Market sentiments seem to be working in favor of General Electric over time. Year to date, its share price has gained 37.4% compared with the industry’s growth of 22.2%.
It is worth mentioning here that the company’s shares have gained 2.3% since the release of first-quarter 2019 results on Apr 30, 2019. Its quarterly earnings of 14 cents per share surpassed the Zacks Consensus Estimate of 9 cents by 55.56%. Average earnings surprise for the last four quarters was 5.56%.
The company anticipates gaining from the launch of the digital business, commercial expansion in emerging markets, debt-reduction initiatives and lowering exposure to the GE Capital business in the quarters ahead. For 2019, its adjusted earnings are predicted to be 50-60 cents per share.
In the past 60 days, earnings estimates for 2019 and 2020 have been revised upward, reflecting positive sentiments about the company’s growth prospects. Currently, the Zacks Consensus Estimate for earnings for General Electric is pegged at 61 cents for 2019 and 72 cents for 2020, suggesting growth of 5.2% and 2.9% from the respective 60-day-ago figures.
General Electric Company Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
General Electric Company (GE - Free Report) currently seems to be a smart choice for investors seeking exposure in the multi-sector space. Solid fundamentals and positive revision in earnings estimates are reflective of healthy growth potential of the stock.
This Boston, MA-based company currently sports a Zacks Rank #1 (Strong Buy). It belongs to the Zacks Diversified Operations industry, currently placed in the top 29% (with Zacks Industry Rank #73) of more than 250 Zacks industries. Notably, the top 50% of the Zacks-ranked industries tend to outperform the bottom 50% by a factor of more than 2 to 1.
You can see the complete list of today’s Zacks #1 Rank stocks here.
We believe that improving operations in the oil and gas industry, rising global demand for air travel, demand from defense and governmental fronts, technological upgrade in manufacturing processes, and infrastructure development are aiding multi-sector companies.
Below we discussed why investing in General Electric will be a smart choice.
Share Price Performance, Impressive Earnings Outlook: Market sentiments seem to be working in favor of General Electric over time. Year to date, its share price has gained 37.4% compared with the industry’s growth of 22.2%.
It is worth mentioning here that the company’s shares have gained 2.3% since the release of first-quarter 2019 results on Apr 30, 2019. Its quarterly earnings of 14 cents per share surpassed the Zacks Consensus Estimate of 9 cents by 55.56%. Average earnings surprise for the last four quarters was 5.56%.
The company anticipates gaining from the launch of the digital business, commercial expansion in emerging markets, debt-reduction initiatives and lowering exposure to the GE Capital business in the quarters ahead. For 2019, its adjusted earnings are predicted to be 50-60 cents per share.
In the past 60 days, earnings estimates for 2019 and 2020 have been revised upward, reflecting positive sentiments about the company’s growth prospects. Currently, the Zacks Consensus Estimate for earnings for General Electric is pegged at 61 cents for 2019 and 72 cents for 2020, suggesting growth of 5.2% and 2.9% from the respective 60-day-ago figures.
General Electric Company Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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