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GE Aerospace (GE) Declines More Than Market: Some Information for Investors
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GE Aerospace (GE - Free Report) closed the most recent trading day at $308.03, moving -1.21% from the previous trading session. This change lagged the S&P 500's daily loss of 0.74%. Meanwhile, the Dow experienced a drop of 0.63%, and the technology-dominated Nasdaq saw a decrease of 0.76%.
Shares of the industrial conglomerate have appreciated by 7.77% over the course of the past month, outperforming the Aerospace sector's gain of 5.74%, and the S&P 500's gain of 0.79%.
The investment community will be closely monitoring the performance of GE Aerospace in its forthcoming earnings report. On that day, GE Aerospace is projected to report earnings of $1.4 per share, which would represent year-over-year growth of 6.06%. At the same time, our most recent consensus estimate is projecting a revenue of $11.18 billion, reflecting a 13.13% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.2 per share and a revenue of $41.63 billion, indicating changes of +34.78% and -1.47%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for GE Aerospace. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, GE Aerospace is carrying a Zacks Rank of #2 (Buy).
With respect to valuation, GE Aerospace is currently being traded at a Forward P/E ratio of 50.28. This indicates a premium in contrast to its industry's Forward P/E of 22.68.
We can additionally observe that GE currently boasts a PEG ratio of 2.41. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Aerospace - Defense industry had an average PEG ratio of 2.15 as trading concluded yesterday.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 103, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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GE Aerospace (GE) Declines More Than Market: Some Information for Investors
GE Aerospace (GE - Free Report) closed the most recent trading day at $308.03, moving -1.21% from the previous trading session. This change lagged the S&P 500's daily loss of 0.74%. Meanwhile, the Dow experienced a drop of 0.63%, and the technology-dominated Nasdaq saw a decrease of 0.76%.
Shares of the industrial conglomerate have appreciated by 7.77% over the course of the past month, outperforming the Aerospace sector's gain of 5.74%, and the S&P 500's gain of 0.79%.
The investment community will be closely monitoring the performance of GE Aerospace in its forthcoming earnings report. On that day, GE Aerospace is projected to report earnings of $1.4 per share, which would represent year-over-year growth of 6.06%. At the same time, our most recent consensus estimate is projecting a revenue of $11.18 billion, reflecting a 13.13% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.2 per share and a revenue of $41.63 billion, indicating changes of +34.78% and -1.47%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for GE Aerospace. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, GE Aerospace is carrying a Zacks Rank of #2 (Buy).
With respect to valuation, GE Aerospace is currently being traded at a Forward P/E ratio of 50.28. This indicates a premium in contrast to its industry's Forward P/E of 22.68.
We can additionally observe that GE currently boasts a PEG ratio of 2.41. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Aerospace - Defense industry had an average PEG ratio of 2.15 as trading concluded yesterday.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 103, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.